The competition process to develop Larnaca marina and port have been delayed yet again – this time by extensions to the tender document placing a ceiling on the annual tonnage that can be handled by the port.
The town planning department has approved building permit to construct two 12-storey high-rise buildings and 122 apartments at Geroskipou in Paphos as part of the Peninsula Resort project.
The contract to build the long-anticipated Paphos marina has been awarded to Pafilia by the 'new' Marina Management Committee, which was appointed in March to examine documents submitted as part of the marina tender process.
A decision on Paphos marina, which has been stalled by bureaucracy and delayed by legal battles since an initial study was carried out almost 30 years ago, is due to be made in the coming weeks by a new committee appointed by the Council of Ministers.
George Stylianou, the community leader of Kissonerga village, has urged the government to make a decision as soon as possible over the long awaited Paphos marina that has effectively been in limbo since 2008.
Contracts for the Larnaca port and marina project are expected be signed later this year according to Marios Demetriades, the Cyprus Minister of Transport, Communications and Works.
Contracts for the construction of the Paralimni marina have been signed; with an estimated capacity of 300 vessels and at a cost of €110 million, the marina is expected to be fully operational by mid-2021.
The twenty seven year saga of the Paphos marina continues following a ruling by the Supreme Court that the committee responsible for overseeing the marina tender process is unlawful.
The Limassol high-rise development known as 'Blue Marine' has been given the go ahead by the cabinet despite a ruling handed down by a judge in favour of owners & the Municipality who raised objections.
A further five high-rise towers are set to line the Limassol coast road; the 'Trilogy' project by Cybarco next to Enaerios and the 'Blue Marine' project by Leptos next to the Limassol marina.
Kissonerga community council is drafting a letter calling on the president to intervene to ensure that the construction of the Paphos marina at Potima goes ahead as quickly as possible.
The Pafilia Group should hear by the end of the month whether it has met the required criteria to build the Paphos marina, which has been stalled by bureaucracy and legal battles for more than a decade.
Demand for rental properties in Limassol has grown in recent years as local buyers have difficulty in obtaining home loans due to the banks' stringent loan conditions and because it attracts plenty of foreign businessmen.
The House Legal Affairs Committee is meeting today in efforts to resolve constitutional issues with the trapped buyers law. Meanwhile here is sitrep from Marina Massoura from the law firm of L.G. Zambartas LLC.
Marina Massoura from the law firm of L.G. Zambartas LLC explains why the trapped buyers law was ruled as being unconstitutional by the District Courts in Limassol and Paphos.
The process of preselecting the successful bidder for the construction of the new Larnaca marina and port should be completed by the end of this week according to the Minister for Communications and Works.
Limassol is seeking to take a leaf out of Marseille's book in an effort to inject new life into the Aktaia Street area of the city and looks set to adopt the Marseille Euroméditerranée project.
Just when we thought the construction of the Poseidon consortium's Paphos marina was about to get underway, the consortium has failed to supply adequate evidence of its ability to finance the project.
Around one sixth of the 1.2 million properties in Cyprus were not registered with the Department of Lands and Surveys until the authorities carried out a revaluation exercise as part of the island's bailout agreement.
Five proposals from various consortia have been received for the development of Larnaca marina and port following many years of delay and after the previous bidder Zenon Consortium failed to find the necessary funds.
