Cyprus has appointed Greece’s Port Planning Authority to conduct a six-month study on the development of Larnaca’s port and marina facilities, following a meeting between President Christodoulides and the Larnaca Development Committee yesterday.
The decision, announced by the Transport Minister, suspends earlier plans to transfer management to private operators.
The marina will be temporarily managed by the Cyprus Marine and Maritime Institute (CMMI), while the port remains under the Cyprus Ports Authority until year-end.
“By summer 2025, we will be discussing options for the future of both facilities and the surrounding land, followed immediately by investment tenders”, the minister told philenews after the meeting at the Presidential Palace.
The Greek authority, which operates under the Hellenic Republic Asset Development Fund (TAIPED), will be appointed directly through an interstate agreement with Greece, expediting the process compared to a private consultancy tender.
The decision has satisfied local stakeholders, leading to the cancellation of planned protests on January 11.
Larnaca’s mayor expressed approval of the focus on finding a permanent solution, noting that all development options remain open, including private investment or ports authority management.
Meanwhile, three state-funded projects worth €25-30 million for the marina’s upgrade are proceeding, including a €1.5 million dredging operation awaiting cabinet approval next week, and plans for a nautical club building and landscaping work.
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