Lar­naca port ten­der to be re-is­sued by end-2016

Financial Mirror (Cyprus) - - FRONT PAGE -

The Lar­naca ma­rina and port pri­vati­sa­tion will go out to ten­der again by the end of next year, af­ter pre­vi­ous bid­der Zenon Con­sor­tium failed to find the nec­es­sary funds for the pro­ject.

The fa­cil­i­ties will now re­main in state hands and the gov­ern­ment has yet de­cided what to do next, as the dead­lock has thrown a span­ner in the works of the pri­vati­sa­tion plans which is an obli­ga­tion as part of the EUR 10 bln bailout plan agreed with the Troika of in­ter­na­tional lenders.

Li­mas­sol port has al­ready gone to ten­der with sev­eral promis­ing bid­ders for the man­age­ment of all com­mer­cial oper­a­tions. The state Ports Au­thor­ity will re­main the land­lord, which means the gov­ern­ment has to pro­ceed with the pri­vati­sa­tion of other as­sets, such as telco Cyta, in or­der to meet the EUR 1.4 bln tar­get.

In Lar­naca, Pres­i­dent Anas­tasi­ades an­nounced a se­ries of new in­fra­struc­ture and de­vel­op­ment projects worth EUR 64 mln for the town and the dis­trict last Thurs­day.

The projects in­clude the con­struc­tion of new ele­men­tary schools and med­i­cal cen­tres, a mu­nic­i­pal mar­ket, a mul­ti­cul­tural and sports cen­tre, im­prove­ment works on main roads, works for the pro­tec­tion of the beaches, con­struc­tion of flood bar­ri­ers, im­prove­ment works for the Lar­naca fish­ing shel­ter, and other projects in the frame­work of the Solid Waste Man­age­ment pro­gramme.

He re­called that since he as­sumed of­fice in 2013 a se­ries of projects worth EUR 36.5 mln have al­ready been com­pleted, while other de­vel­op­ment projects, which be­gan be­fore or dur­ing 2015, worth EUR 70 mln, are un­der way.

The Pres­i­dent also said that the oil and gas stor­age fa­cil­i­ties will be moved from the Dheke­lia road by the end of 2017.

He stressed that the gov­ern­ment re­mains com­mit­ted to the de­vel­op­ment of the port and the ma­rina of Lar­naca so that it in­cludes fa­cil­i­ties that serve the tourist and com­mer­cial needs of the port and lead to the con­struc­tion of an ul­tra mod­ern ma­rina.

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