Larnaka cruise hub moves a step further to completion

Last week the Cypriot government started negotiations with the winning consortium for the development of the port of Larnaka into a major cruise hub for the Eastern Mediterranean. The €1bn project ‘should move ahead with delay’, said Communications Minister Nicos Nicolaides.

Talks are taking place with the seven-member Vouros consortium, which was awarded the project after the original result of awarding the contract to the Zenon consortium was overturned by the Cyprus Tenders Review Authority. Adding to mounting delays in realising this major project, Zenon launched an appeal, but has now stepped aside.

Vouros will design, build, finance and operate the new Larnaka cruise port under a 35-year concession before ownership reverts to the public. Over the course of the concession Cyprus will receive seven per cent of revenue, which Mr. Nicolaides said was worth more than €100m. Sphere: Related Content