The Larnaca City Council expresses its strong dissatisfaction with the state’s delay in formalizing the Kition Ocean Holdings Agreement concerning the single port – Marina Development Project.
Although the announcement of the Agreement was made by the Minister of Transport, Communications and Works, Mr. Giannis Karousos, on February 2020, however, the signing of the Agreements between the two sides is pending as the Agreement is before the General Audit Office of the Republic for a few months now.
The Larnaca City Council understands the delays and the change of priorities that have arisen in the Government Departments due to the measures against the spread of Coronavirus.
At the meeting on June 1, 2020, the Municipal Council was informed by the representative of the investor about the delays that are observed and about the intense concerns of the investors because no one in charge gives a specific date for the completion of the procedure for signing the Contracts.
The Municipal Council expressed its strong concern about the matter as despite its actions no progress has been made and decided as expected developments within the next 15 days, after receiving some assurances from the competent bodies that efforts are being made to completer the process.
As the first measure of the reaction of the Municipal Council, it has been decided that if no progress is made until June 15, 2020, and after taking into account the prohibition decree on mass rallies and protests that is valid until July 14, 2020, a protest will be held by Members of the Municipal Council, closing the entrance of Larnaca Port observing the safety distances as indicated by the Decrees of the Ministry of Health.
In the event that even after June 15, 2020, there is no development and with the expected lifting of the restrictive measures due to COVID-19, the Municipal Council will proceed to take even more dynamic measures.
The new Marina Larnaca should be one of the largest construction projects in Cyprus.
The development provides for the creation of a world-class yacht infrastructure and cruise ship base, 500 modern moorings for yachts, a residential complex for the residents of Marina, and open areas for tourists, including a whole number of the shops, restaurants, salons, and clubs.
Also, on the territory will be available a yacht club, fully equipped with everything necessary for holding various events, comfortable relaxation areas with a swimming pool, and an outdoor restaurant.
The project is divided into four phases, with the first one including a new road that will connect Athens Avenue at the Phinikoudes area with Famagusta Avenue – that is the first part of the new Larnaca-Dhekelia road.
Phase one also includes the Yacht Club, a 5000 square meters of space accommodating the offices of the marina, restaurants, event venues, sailing and diving schools as well as boat shops.
The second phase provides land and tourist development in the marina along with a traditional local produce market. In addition, 10,000 square meters of educational space will be constructed, to host university lectures and areas where research can be carried out, a medical school and center, a hotel, a tourist college, and a university for environmental and energy studies.
The third phase provides for 45 luxury villas on a new breakwater with private boat moorings. To the north of the Marina, there will be a residential complex and a five-star business hotel, a shopping center, and two additional residential complexes serviced by the hotel. According to investors, this will be the first private island in Cyprus.
The fourth phase is the project’s western part and concerns office premises with private parking spaces.
New Port Marina in Larnaca will make a huge contribution to the development of cruise tourism and increase the demand for tourist services in the city.
New residential objects will attract investors from abroad, as they will be able to become equal citizens of Cyprus through the purchase of Luxury real estate, in accordance with the terms of the investment passport program.