Investor bids for Larnaka port and marina expected at end April

The two bids for the development of the port and the marina of the coastal city of Larnaka from Israel and China are expected to be submitted at the end of April, Minister of Transport, Communications and Works Marios Demetriades has said.

In statements after a meeting with Larnaka Mayor and Municipal Council, in Larnaka, on Tuesday, Demetriades said he wished that the process for the joint development of the Larnaka port and marina would have been completed before the end of his term of office, adding however that this was not possible.

He noted that the process is nearing its completion expressing his belief that with persistence and patience this large project will be able to be implemented.

Demetriades said that there is no other way forward, adding that it doesn’t have to do with how much money the state will earn from the deal but rather with creating infrastructure projects for the benefit of the city.

Referring to the tender process he said the two companies interested have asked for an extension to the original March 16 deadline, of approximately six weeks, which was granted.

Therefore, the Minister added, at around the end of April we will have the two bids which are joint ventures from Israel and China.

On his part, Larnaka Mayor Andreas Vyras said that it is a very important project which we want to see be implemented because it concerns the economic growth of our city and a message we are sending for new investments.

Source: Cyprus News Agency