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Published 26 days ago

Billion-euro Larnaca marina investment turning into a fiasco

Summary by philenews.com

The highly-publicised €1.2 billion redevelopment of Larnaca’s port and marina is heading for the rocks, with the risk of the biggest investment in Cyprus turning into a fiasco, Phileleftheros reports. What is a fact is that the mammoth investment is now in limbo, as the contracting company has breached a material term of the contract, according to the Minister of Transport Alexis Vafeades, who is awaiting advice from the Law Office of the Republ…

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Billion-euro Larnaca marina investment turning into a fiasco

The highly-publicised €1.2 billion redevelopment of Larnaca’s port and marina is heading for the rocks, with the risk of the biggest investment in Cyprus turning into a fiasco, Phileleftheros reports. What is a fact is that the mammoth investment is now in limbo, as the contracting company has breached a material term of the contract, according to the Minister of Transport Alexis Vafeades, who is awaiting advice from the Law Office of the Republ…

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