New ten­der for Lar­naca ma­rina, jetty for Paphos

Financial Mirror (Cyprus) - - FRONT PAGE -

Trans­port Min­is­ter Mar­ios Deme­tri­ades, whose re­mit in­cludes the pri­vati­sa­tion of the port of Li­mas­sol, that is ex­pected to be man­aged by new in­vestors dur­ing the first half of 2016, said that the ten­der for the Lar­naca port and ma­rina ven­ture will be reis­sued within the first quar­ter of next year.

Speak­ing dur­ing a hear­ing of the House Trans­port Com­mit­tee, the Min­is­ter said that his depart­ment is re­view­ing the pos­si­bil­ity of split­ting the ten­der into two – one for the com­mer­cial and cruise port, and another for the ma­rina and on­shore re­sort.

He said that bids will be re­quested by the end of the month for con­sul­tants on the mat­ter.

Deme­tri­ades said that the ad­vi­sors’ main fo­cus will be the re­sort and com­mer­cial de­vel­op­ment of the land, to­tal­ing about 200,000 sq.m., and will de­cide whether the port and ma­rina projects will be ten­dered sep­a­rately or to­gether.

The cho­sen bid­der Zenon

Con­sor­tium, com­pris­ing the Le­fkari­tis-Petrolina Group, Ia­covou Con­struc­tion, the Lar­naca Cham­ber of Com­merce and other in­vestors, aban­doned the pro­ject in July, bud­geted at EUR 700 mln, due to in­suf­fi­cient fund­ing fol­low­ing the fi­nan­cial cri­sis of 2013 that put an end to all ma­jor projects on the is­land.

Fur­ther rene­go­ti­a­tions to im­prove the con­di­tions for Zenon to main­tain the pro­ject also proved un­suc­cess­ful.

Mean­while, ad­dress­ing the same par­lia­men­tary meet­ing, Deme­tri­ades said that there was in­ter­est for the de­vel­op­ment of a cruise jetty at Paphos har­bour, but that the state could not af­ford to go it alone.

He said that there was grow­ing de­mand from cruise op­er­a­tors and from lo­cal hote­liers to of­fer the shut­tle boat fa­cil­ity, but that this was not vi­able for the cash-strapped gov­ern­ment, as the jetty would cost EUR 7 mln and fur­ther 10 mln was needed to op­er­ate it and to buy the shut­tle ves­sels to carry the pas­sen­gers to and from the cruise ships.

In­stead, he sug­gested, the gov­ern­ment is pre­pared to sub-con­tract the pro­ject to pri­vate op­er­a­tors and that “we may also be ready to pro­vide some fi­nan­cial as­sis­tance to make it vi­able.”

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