Lar­naca port­ma­rina deal fails

Financial Mirror (Cyprus) - - FRONT PAGE -

The gov­ern­ment said that af­ter sev­eral ex­ten­sions in or­der to se­cure fi­nan­cial back­ers, ne­go­ti­a­tions with the Zenon Con­sor­tium for the pri­vati­sa­tion and de­vel­op­ment of the Lar­naca port and ma­rina, failed.

The Min­istry of Trans­port said it had al­lowed sev­eral ex­ten­sions ever since the con­sor­tium won the bid in July 2010, but to no avail.

It added that the de­ci­sion to trans­form Lar­naca into the is­land’s home port for cruises and to de­velop the ma­rina still stand, as does the com­mit­ment not to change it into a com­mer­cial port.

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