Limassol marina plans hit financing
snag
By Anna Hassapi (From cyprus-mail.com)
Latest news seem to contradict previous
comments made by
Limassol Marina Ltd spokesman, Mr. Nikiforos Bambakas about
apparent "Optimism"
regarding the launch of the Limassol Marina Project.
LIMASSOL MAYOR Andreas Christou yesterday
confirmed that there is
currently an impasse in the procedure for acquiring bank funding for the
construction of the Limassol marina
– a large-scale project expected to cost around €170 million.
“There are certain issues in relation to the guarantees that the banks
are asking for the Limassol Marina project. A dialogue has started
between the contractor, the government and bank representatives so that
we can find a solution and start the project,” Christou said.
“It was inevitable that
we would have difficulties with the banks.
It was not something that surprised us, the investors or the
government,” he added.
Christou confirmed that although Cypriot banks have expressed interest
in lending for the project, in light of the current liquidity crisis,
they are requesting more guarantees, possibly from the state.
“It is possible that they want more state guarantees.
It may possibly be related to
the period of crisis that we are going through.
“Until the present the potential of selling flats and residences that
would be constructed was considered sufficient guarantee, but apparently
the downturn in the real
estate market is causing banks to ask for more,”
he explained.
Christou pointed out that the marina’s creation could give a much-needed
boost to the market by creating jobs and tourism potential.
“We are interested in starting work immediately because the period that
we are going through, when labour can be employed for such a demanding
project would ease pressures that are already appearing in the labour
market and would enrich our tourist product.”
Limassol marina will be located west of the old port, taking over the
entire seaside area from the old to the current port.
It will accommodate up to 1,000 vessels and will offer a range of
services including dining, residential, shopping and conference space. A
park will surround the marina, while all buildings within it will adhere
to old Limassol’s traditional architecture standards.
The marina will be constructed and managed under a built operate and
transfer (BOT) agreement. In this case, the strategic investor will
execute the plan and manage the marina for 53 years, and retain profit
rights for 37 additional years.
Limassol Marina Ltd comprises J&P Avax A.E., Cybargo PLC, Fraggoudi &
Stefanou, Ioannou & Paraskevaidi, Athena ATE, Cads, Holding Ltd and the
Limassol Chamber of Commerce and Industry (EBEL) through the Limassol
Marina Development Company.
It is expected that once launched, construction will be completed in two
years for the marina itself, and in six to seven years for the
surrounding residential area.
The news regarding the financial
difficulties facing the Limassol Marina Project and the
confirmation by Limassol Mayor Christou, were also published by other
well known publications such as the Cyprus Property Magazine in their
article:
recent reports that funding
problems were delaying the start of work at the Limassol marina,
the
company set up specifically to deliver the project is confident that the
process will run smoothly.
Being the most ambitious project underway in Cyprus, Limassol Marina is
expected to be one of the government’s priorities as a measure of
dealing with the financial crisis.
“We are very optimistic after such statements that the pace of
implementing procedural, financial and technical loose ends will be
speedy, to allow the start of works,” said Nikiforos Bambakas, the
spokesman for Limassol Marina Ltd.
However, Bambakas clarified that due to the grand scale and complexity
of the project, a complicated and time-consuming procedure must be
followed before work can begin. “This is an unprecedented project for
Cyprus and internationally. It is a large scale project implemented in a
contemporary and new model of development. Because of its size and
complex characteristics, there is a complicated process that must be
followed,” he said.
“At present we are at the licensing stage, as the town planning
approvals are moving on and we can then enter the stage of a
comprehensive architectural planning, including funding and design,” he
added.
Reports this week suggested the project was being delayed because two
banks that initially showed interest in providing the funding were now
backing off and asking for additional guarantees and higher interest
rates. The total cost for the project amounts to €170 million.
Bambakas, however, said the funding from banks would be given after
all the necessary licenses were granted,
which has not happened yet. “In
order to ensure bank funding we must have all town planning consents in
order, but this is just part of the process and we are confident it will
be resolved soon,” he said.
The project, characterised as the biggest tourist infrastructure work in
Limassol, is expected to boost the town’s tourist sector by attracting
quality visitors. Limassol Marina will be located on the west of the Old
Port, taking over the entire seaside area from the old to the New Port.
It will accommodate up to 1000 vessels and will offer a range of
services including dining, residential, shopping and conference space. A
green park will surround the marina, while all buildings within it will
adhere to old Limassol’s traditional architecture standards.
The marina will be constructed and managed by the Built Operate and
Transfer (BOT) method which involves a strategic investor building and
managing a project for a number of years, and then transferring it back
to the state. In this case, the strategic investor will execute the plan
and manage the marina for 53 years, and retain profit rights for 37
additional years.
Limassol Marina Ltd comprises J&P Avax A.E., Cybargo PLC, Fraggoudi &
Stefanou, Ioannou & Paraskevaidi, Athena ATE, Cads, Holding Ltd and the
Limassol Chamber of Commerce and Industry (EBEL) through the Limassol
Marina Development Company.
Commencement of the project
is just a matter of time Του
Ιάσονα
Ιάσονος. (Article
from
Phileleftheros newspaper. Translated by
translate.google.com)
www.phileleftheros.com
Marinas of similar standards as the one
that will be built in Limassol are operating in different cities and
famous tourist resorts of south-eastern coast of France. Will be similar
to the marina located in the Gulf of Grimaud - Port Grimaud - a small
state in a water area of 70,000 sq.m. within the port area. Will have a
capacity of 2500 yachts with all the necessary facilities onshore
commercial and recreational residential development (2,200 small tourist
homes and apartments, 75 shops, restaurants, cafes and major port
projects create a landscape of unique beauty).
A small taste for the most one-way
street, which opened towards the creation of Limassol marina, recently
took a group of journalists. With competent officials and
representatives of the company Lemesos Marina Ltd, which took over the
project, we were in the notion ananatolikis France spreads from Nice,
Antimp, Cannes, San-Tropez, Monaco until Menton despite the Italian
border. Without our presence there, we had the
opportunity to learn at the Olivier Morvan - Manager South of France &
Monaco-Camper & Nicholsons Marinas International Ltd, but also to see
«myself» the situation regarding the giant program developed in the
wider region of southern France.
It is what we call maritime tourism with
the construction and management of about 20 marinas that operate in
several coastal cities and popular tourist destinations in southern
France. Some of these marinas that we visited is the Port Vauban
(Antibes), the Marina Baie des Anges, with the feature - enclosed by
four buildings built in the shape amphitheatrically geometric
equilateral triangles that have a total of 3000 tourist apartments. The
Port Canto-old port in Cannes, Port Grimaud in the homonymous
village-city, the Marina de Cogolin, the old port - Marina San Tropez
aloviti maintained his charm, but the marina in the Principality of
Monaco - Monte Carlo . The south of France with large numbers of
network-tourist marinas and moorings operating today, has become an
international center of the «giotingk» in the Mediterranean, with
countless luxurious pleasure craft to tie in modern and high level of
port facilities. At the same time, we had the opportunity to learn at
the same scholar of the project - the French architect Xavier Bohl plans
for the Limassol marina.
The final draft is expected to be ready
within the next month and essentially opens the way for the construction
of a major tourism infrastructure project that will contribute
significantly to attracting quality tourism, while an attraction for
local people. "The Limassol marina will be a major attraction for both
residents of the city, and visitors and will put Cyprus at the center of
maritime tourism in the eastern Mediterranean, with all the individual
positive effects on tourism and further development not only of Limassol
", She said the designer of the project, expressing the belief that" the
work of the marina will provide a boost in the economy of Limassol and
will provide new jobs.
Our aim, as Mr Xavier Bohl, is to create a modern work with modern
architecture in which to achieve the organic link the city with the sea
and development functions which are associated with organic harmony and
the urban center and wider urban fabric of the old city.
• The duration of the project will be
five years. • The total cost is estimated at € 300.
CONSTRUCTION The marina in Limassol, is
now a matter of time, as stated in the «F» the chairman of Limassol
Demetris Solomonidis EBE, noting that all procedures have been completed
for the start of construction projects. The chairman of EVEL which is
one of the participants in the company Lemesos Marina Ltd, which is
responsible for the development and management of the project, welcomed
the completion of architectural plans. Given that all agreed with the
Department of City Planning stressed that «principles of the new year
will hopefully start the earthworks that would give the impression that
the project starts». As you know, development, management and
exploitation of Limassol marina, the company undertook «Lemesos Marina
Ltd», which consists of various business organizations as the company
Cybarco group of companies «Lanitis», «J & P-Avax SA», «J & P John &
Paraskefaidis Ltd», «Cads Holdings Ltd», «Fragkoudi & Stephanou», «Athina
AE» and «Limassol Marina Development Company Ltd.» According to the timetables set, «after
we started the project over five years everything will be ready»,
stresses Mr. Solomonidis. Most importantly in two and a half years the
marina for berthing of vessels will be delivered. Regarding the total
cost of the project is estimated at 300ek. euro.
Limassol Marina will be built with French standards
A small peninsula
In Limassol Marina will be built all the
necessary port projects and land facilities, as is the case with all the
famous marinas in Europe and worldwide. The project will be under
construction includes a marine village, allowing mooring of vessels 1000
for maintenance and repair. It will also include, epichoseis by creating
islands within the port area and onshore facilities for commercial,
residential and recreational development. Under the plans, the project
will be an area 40.000t.m. around. Will be developing residential and
commercial units with swimming pools, but also eidikadiamorfomenon sites
for hosting cultural events and other activity.
In the center of the basin of the marina
will be constructed small peninsula, which will form the basis for the
construction of 95 homes and 210 tourist apartments with a total
landscaped parking spaces will be available for sale to any interested
party, who also will be able to buy front from the villa and the area of
mooring the vessel.
The architecture of the buildings that
would preclude the marina will be from local stone, in accordance with
the plans to comply fully with the traditional architecture of palias
Limassol. The wider area of the marina, which will be linked to seven
bridges jetties, will also include around 25 different clubs, modern
restaurants and traditional taverns, shops and other buildings to house
various departments and beyond. The broader region between the two ports
that will occupy the port and onshore facilities of the marina, will be
converted into a green lung, as provided for the development and mall
with clusters of flowers and bushes. Back to top
Breaking News (By
Anna Hassapi for the Cyprus Mail Newspaper)
THE
FINAL plans for the €250million Limassol Marina project were released
yesterday at Limassol Town Hall by project architect Saverios Vrahimis.
Work on the large-scale project at the heart of the old Limassol’s
seafront is expected to start soon and be completed by 2011.
The creation of the marina is expected to transform the area and
contribute to the development of a more diverse tourist product on the
island. “The project is exceptionally significant for Limassol and for
Cyprus – it is the first project of this size. It will have a positive
impact on all levels of development and give a new direction for
tourism. The
marina will be located to the west of the old port, taking over the
entire seaside area from the old to the new port. “Its placing at the
front of town will contribute to the development of Limassol’s southern
areas, including the Turkish Cypriot neighbourhoods and Omonia, which
have not yet benefited from tourist development.”
The Minister of Commerce Industry and Tourism Antonis Paschalides was
also present at yesterday’s mastrerplan presentation. Paschalides
thanked the previous administration, crediting his predecessor with
successfully bringing the project to fruition. Paschalides also noted
the project’s significance in promoting nautical tourism.
“Our vision is that nautical tourism becomes a basic axis of development
on the island, as thousands of visitors will be able to enjoy the unique
experiences that our sea so generously offers,” he said.
It will accommodate up to 1,000 vessels and will offer a range of
services including dining, residential, shopping and conference space. A
green park will surround the marina, while all buildings within it will
adhere to old Limassol’s traditional architecture standards.
The marina will be constructed and managed by the Built Operate and
Transfer (BOT) method, which involves a strategic investor building and
managing a project for a number of years, and then transferring it back
to the state. In this case, the strategic investor will execute the plan
and manage the marina for 53 years, and retain profit rights for 37
additional years.
The ‘Limassol Marina’ group of companies comprises J&P Avax A.E.,
Cybarco PLC, Frangoudi & Stefanou, Ioannou & Paraskevaidi, Athena ATE,
Cads, Holding Ltd and the Limassol Chamber of Commerce and Industry (EBEL)
through the Limassol Marina Development Company.
Cyprus Trade, Industry
and Tourism Minister Antonis Michaelides signed the contracts for the
construction of a marina in Limassol worth 170 million euro.
The
marina, which will be constructed with the method of BOT in three years,
will have a capacity of 1.000 yachts in and out of water. Speaking
during the signing ceremony, Michaelides said that the event is a day of
celebration for Cypriot tourism, adding that the new marina will be ''a
unique jewel for Cyprus.''
''We upgrade the diversity of our
provided services,” Tourism Minister said and added that the
construction of the marina will contribute to the attraction of quality
tourism of higher per capita expenditure. He added that other contracts
regarding the construction of marinas in Pafos, Larnaca and the Cypriot
resort of Ayia Napa would follow.
Michaelides said that the Pafos
marina will be situated in Potamites Kissonerga and will have a
1000-yacht capacity, adding that the process for the tender is at its
final stage. According to Michaelides, the Ministry is advancing the
negotiations with the bidder for the Ayia Napa marina, which will have a
600-yacht capacity.
Official PR Document
from Cybarco UK Ltd regarding the Limassol Marina Project
Limassol Marina,
Cyprus – Preview
Background
Lemesos Marina Ltd has been granted permission by the
Government of the Republic of Cyprus for a development of a Marina
resort in Limassol. The Limassol Marina is an integrated project
including unique residential island properties (man made islands).
Lemesos Marina Ltd is formed by international contractors, property
developers and other experts with over 50 years of experience in the
market, such as CYBARCO PLC, FRANCOUDIS & STEPHANOU LTD, ATHENA S.A.,
JOANNOU & PARASKEVAIDIS LTD, J&P – AVAX S.A., CADS HOLDING LTD and
LIMASSOL MARINA DEELOPMENT COMPANY LTD. CYBARCO
will develop and
act as the main agent of the real estate.
Enjoy gentle luxury
and effortless style, the new blending seamlessly with the old. The
thrill of the city close by and the sparkling Mediterranean all around.
Limassol Marina
Welcome to the first ever luxurious Marina in Cyprus,
combining facilities for the mooring of yachts with residential and
commercial development. Lending itself to beautiful Mediterranean views,
it will embrace the location and facilities to offer a unique and
exclusive lifestyle: living on the sea.
The Limassol Marina will be conveniently located adjacent to the centre
of Limassol city. It will be carefully designed to blend with the
surrounding area of the Old Harbour, the Old Town and the Medieval
Castle. It aims to become the most exclusive resort and Marina in the
Eastern Mediterranean.
Yachting
The Marina will have a capacity of approximately 600 berths,
workshop facilities, including general boat repairs and maintenance,
will be available for all and each berth will have access to fresh
water, electric power, cable television, high speed internet, telephone
and WI-FI.
Additionally, the Marina will provide facilities for refuelling, waste
water services, waste oil services and daily refuse pick-up. Concrete
construction will be used to create secure berthing for larger yachts
and car parking facilities. All yachts will be met upon arrival and
offered tie-up assistance. Crew facilities for showering and relaxing
ashore will also be available.
Living on the Sea
Real Estate
The Marina development will be 34,000 m² of real estate
consisting of exclusive one two and three bedroom apartments all with
stunning sea views, as well as two, three and four bedroom villas all on
the frontline. All properties will be designed to the highest
specifications with luxurious finishes and modern amenities reflecting
the unique Marina lifestyle.
A number of themed restaurants including fish taverns,
international cuisine, bars and cafeterias will create a unique blend
that will attract both locals and tourists. Shops offering a variety of
high quality products will be available. The construction will commence
in Autumn 2008 and the Marina will be operational at the beginning of
2011. Limassol – where there is a strong and vibrant cultural tradition.
About Limassol
Limassol (Lemesos) is the second largest city in Cyprus and
it has experienced great development during the last years, hence
becoming the biggest port in the Mediterranean transit trade. Today,
Limassol is one of the most important tourism, trade and
service-providing centre in the area. Many off-shore companies have
set-up in Limassol due to the easy access to the Middle East and
Europe.
The city is also renowned for its long cultural tradition.
Visitors can enjoy a wide spectrum of activities and a great number of
museums and archaeological sites. A unique combination of ancient Greek,
Byzantine, Frankish, Roman and other modern influences is observed.
Successor to two city-kingdoms and host to a royal wedding in the Middle
Ages, contemporary Limassol stretches along the south coast. The
spontaneous hospitality of its people, the archaeological sites,
mediaeval castles and its merry Carnival and Wine Festivals, have
established Limassol as the island's most important tourist and wine
industry centre. Luxurious hotels, high quality service restaurants and
night spots thrive along the beach. The enhancement of Troodos
mountain’s southern slopes along with the picturesque traditional wine
producing villages and the idyllic mountain resorts, such as Pitsylia
area, complete the activities-package Limassol can offer to locals and
visitors.
Limassol (Greek: Λεμεσός, Lemesos; Turkish:
Limasol, alt. Leymosun) is the second-largest city of Cyprus,
with a population of 176.900 (2005), the largest city in geographical
size, and the biggest municipality of the island. The city is located on
Akrotiri Bay, on the island's southern coast and it is the capital of
Limassol District.
It is the biggest port in the Mediterranean transit trade.
Limassol has since then become one of the most important tourism, trade
and service-providing centre in the area. Limassol is renowned for its
long cultural tradition. A wide spectrum of activities and a great
number of museums and archaeological sites are available to the
interested visitor.
Limassol was built between two ancient cities, Amathus and Kourion, so
during Byzantine rule it was known as Neapolis (new town). Limassol's
tourist strip now runs east along the coast as far as Amathus. To the
west of the city is the Akrotiri Sovereign Base Area of the United
Kingdom.
Limassol also attracts a wide range of tourists mostly during the summer
season to be accommodated in its several luxurious hotels and
apartments. Limassol is also home to the Cyprus University of
Technology.
1) A facility located on a body of water which
provides docking, storage, maintenance and other facilities for boats.
2) A place where boats can find fuel, water and other services. Marinas
also contain slips where boats can stay for a period of time.
3) Any facility for the mooring, berthing, storing, or securing of
watercraft, but not including community piers and other non-commercial
boat docking and storage facilities.
4) A boat basin that has docks, moorings, supplies, and other facilities
for small boats
5) A docking and servicing for boats and equipped to provide repair
service, gassing, and supplies.
Building the most beautiful marinas in Med - Starting with Limassol,
Cyprus
FOLLOWING the announcement for the construction of a
Limassol Marina, the Ministry of Commerce has pledged that three more
marinas, in Paphos, Larnaca and in Ayia Napa are in the works. The
creation of the three marinas aims to render Cyprus a major attraction
for nautical tourism in the Mediterranean.The agreement for the creation
of Limassol Marina was signed yesterday between the Minister of Commerce
Antonis Michaelides and Marios Lanitis, representing the “Limassol
Marina” group of companies, which will be responsible for the
construction and management of the marina through the BOT method.
“The Limassol Marina is a project which will differentiate the city of
Limassol and will alter Cyprus’ status,” said Marios Lanitis. “The
project, situated at the heart of Limassol, is in complete harmony with
the surrounding area, and it will create growth opportunities for
Limassol, making it a landmark development for Cyprus as well as for the
nearby region.” “This is a project of great importance for the city, but
also for the whole of Cyprus,” said Andreas Christou, Mayor of Limassol.
“It is the first Marina to be constructed using this method, so the
experiences gained and all aspects of the preparation will act as the
basis for future agreements.”
Limassol Marina will be the first of four to be constructed in Cyprus,
as Minister Antonis Michaelides confirmed yesterday. “I am pleased to
announce that the evaluation and bidding procedure for a Paphos Marina
are in their final stage,” he said. Limassol Marina and Paphos Marina
will have a capacity to hold 1,000 boats each, while Ayia Napa Marina
will be able to house 600 boats. In addition to the creation of the new
marinas, the state announced plans for the improvement of Latsi and Kato
Paphos areas, as Marinas and as fishing refuge spaces. “We are thus
enriching the entire seafront of free Cyprus. Luxury vessels, alongside
fishing boats with Latsi and Paphos in the background will make up a
landscape of unique beauty. These will be the most beautiful marinas in
the Mediterranean,” Minister Michaelides said.
Preliminary studies for Limassol Marina were initiated in 1992
with a vision of developing Cyprus’ nautical tourism product. The
bidding announcement procedure did not start until 2003 and stalled due
to the lack of interest from would-be investors. When the successful
bidder was found, other problems ensued such as removing the marina area
from the beach protection zone, assigning the necessary status to the
area, approving Limassol Local Action Plan 2006 and negotiating
the terms of an agreement that allows the Hanseatic School to remain in
the marina area. Limassol Marina will offer a range of services
including dining, residential, shopping and conference space. A green
park will surround the marina, while all buildings within it will adhere
to old Limassol’s traditional architecture standards. The total cost for
the project amounts to €170 million. Construction work will start in six
months and will be completed in three years.
The strategic investor will execute the plan and manage the marina for
53 years, and retain profit rights for 37 additional years. The
‘Limassol Marina’ group of companies comprises
J&P, Avax A.E.,
Cybarco PLC,
Frangoudi & Stephanou, Ioannou &
Paraskevaides Ltd., Athena ATE,
CADS Holding Ltd and the
Limassol Chamber of Commerce and Industry (EBEL) through the
Limassol Marina Development Company. Mayor Christou said the marina was
part of a general vision and a series of projects aiming to direct the
character of Limassol back to where it belongs: the sea. “This important
project adds to a chain of many and important works undertaken by
Limassol Council along the coastal zone, in order to showcase Limassol’s
identity, its naval and sea character.
“Olympion Coast, the reclamation area where improvement works will start
in a year, the completion of Phytidion Athletic Centre, the old port
which will also be improved this year, the Nautical Museum, the marina,
the conference centre which we want to be placed between the old and new
ports, the new passenger lobby, the port roads, the plan for the
improvement of the road to Lady’s Mile beach using
environmentally-friendly material, with pedestrian roads, parking space,
lighting and services, but also other smaller projects, turn Limassol
towards its natural element, which is the sea and make the city one of
the most attractive destinations in the Eastern Mediterranean,” Christou
said.
NICOSIA, JANUARY 25 - The agreement for the
creation of a euros 173 million-worth marina in Limassol will be
formally sealed today, between the Minister of Commerce Antonis
Michaelides and Marios Lanitis, representing the 'Limassol Marina' group
of companies. The project, characterised as the biggest tourist
infrastructure work in Limassol, is expected to boost the town's tourist
sector by attracting quality visitors.
Limassol Marina will be located to the west of the old port, taking over
the entire seaside area from the old to the new port. It will
accommodate up to 1,000 vessels and will offer a range of services
including dining, residential, shopping and conference space. A green
park will surround the marina, while all buildings within it will adhere
to old Limassol's traditional architecture standards. Following the
signing of the preliminary agreement tomorrow, a final agreement will be
sealed within six months.
The group of investors is then expected to commission experts to
undertake an environmental impact assessment, detailing the project's
possible adverse effects on the environment. Once this goes through the
Environment Service, construction work can begin. It is expected that
construction will be completed in two years for the marina itself, and
within six to seven years for the residential area that will surround
it.
The marina will be constructed and managed by the Built Operate and
Transfer (BOT) method which involves a strategic investor building and
managing a project for a number of years, and then transferring it back
to the state. In this case, the strategic investor will execute the plan
and manage the marina for 53 years, and retain profit rights for 37
additional years. The 'Limassol Marina' group of companies comprises J&P
Avax A.E., Cybarco PLC, Frangoudi & Stefanou, Ioannou & Paraskevaidi,
Athena ATE, Cads, Holding Ltd and the Limassol Chamber of Commerce and
Industry (EBEL) through the Limassol Marina Development Company.
In order to view more information about the various
malls currently under construction in Cyprus.
Press release from A.F. MODINOS & S.A. VRAHIMIS, Chartered
Architects and Engineers
We are very proud to mention our most recent success
in the field of tourism which is our participation in the creation of
the Limassol Marina - the largest tourist development project on the
Island.
Our company together with the leading French water engineering firm
Sogreah and Atelier Xavier Bohl,
and a very strong consortium made up of Cybarco, Francoudi & Stephanou,
the Limassol Chamber of Commerce, and Athena S.A., successful bid and
won the tender to construct the first marina of Cyprus, the Limassol
Marina.
This project envisages a world class marina, which will be
environmentally friendly, with a wide range of services and attractions
unsurpassed anywhere in Cyprus. These will include quality waterside
residential and commercial developments, lifestyle attributes such as
recreation centers, restaurants, clubs, entertainment, sports, bicycle
and walking paths and even a traditional church. Over 1000 berths will
be available for small and larger yachts and the whole operation will be
managed and operated by quality and experienced operators.
Our company (again in cooperation with Sogreah) and a consortium of
highly experienced professionals, were recently also pre-qualified and
short-listed to submit our bid for the creation of the Paphos Marina.
The Consortium on this project includes Leptos Pandora Ltd, Cybarco,
J&P, J&P Avax, Francoudi & Stephanou, Cads Holdings Ltd and Athena S.A.
On both proposals, our office worked in close cooperation with the
renowned office of Marina Master Planner Xavier Bohl.
The Cyprus Government
says that the marinas projects are on track.
The plans in the
pipeline are these: the expansion and upgrading of the
Larnaca marina, with space for 1000 berths;
Limassol marina with a capacity for 1,000 berths;
Paphos 1,000 berths; Ayia Napa
650 berths; and Paralimni 250-300.
From these, the
Limassol marina appears the most impressive.
Located between the old harbour and the ceramics factory, it
will be supported by an entire commercial centre to be built at
the site, featuring shopping malls, cafeterias, restaurants,
gyms, spas, ballroom dancing halls, hairdressers, indoor sports
arenas, and a conference centre. The end result, it is
envisioned, will be a mini-town within Limassol.
The
Limassol project also seems to be the closest to
fruition. According to Minister of Trade, Industry and Tourism
Antonis Michaelides, signatures should be put on paper “very
soon”. Michaelides said the drafting of the contract with the
successful tenderer was “a mere formality”, and that under the
terms the project must be completed within three years of
signing the agreement. “It will be like nothing else the Middle
East area has ever seen,” Michaelides added.
Cyprus is on the verge of
finally getting on the map of
nautical
tourism.
Satellite image of the location
of the new Limassol Marina Back to top
This website we developed purely as a news destination with anything
related to Limassol and the development of the new marina. The website,
it's owners, the hosting company and the content providers are in no way
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