Uncertainty Looms Over Larnaca Port and Marina Investment
The ambitious €1.2 billion redevelopment of the port and marina in Larnaca is facing a cloud of uncertainty, as stakeholders demand greater transparency from the government and Kition Ocean Holdings, the contractor spearheading the project. The first phase of the project, which was expected to commence in June, is now a source of growing concern among local authorities and business leaders.
Larnaca Mayor Andreas Vyras has been vocal about the lack of communication, stating, “We have not received any indication of a problem from either the company or the government.” Vyras warned that the city would not stand for further delays or deviations from the original plan, with building permits set to be issued in April and tendering already underway.
Nakis Antoniou, president of the Larnaca Chamber of Commerce and Industry, has also raised his voice on the issue.
Pressure by Parliament
Parliamentarians from Larnaca have echoed these concerns. DISY MP Prodromos Alambritis highlighted that the House Transport Committee would soon address the matter in Parliament, citing over a year and a half of mounting anxiety due to potential delays communicated by Kition Ocean Holdings. Alambritis also pointed out the concerning lack of progress on the renovation of the historic pier.
AKEL MP Andreas Pashourtides called for transparency, emphasizing the importance of parliamentary oversight on state asset projects. Meanwhile, EDEK MP Andreas Apostolou urged for a measured approach and recommended a meeting with all stakeholders to provide a comprehensive update on the project’s status.
The situation underscores the delicate balance between advancing significant infrastructure projects and maintaining public trust through openness and adherence to timelines. As Larnaca awaits further developments, the call for clarity grows louder, with hopes that transparency will pave the way for progress in this vital economic endeavor.
