Larnaca port and marina plans move toward final evaluation

Decisions on the long-delayed redevelopment of Larnaca’s port and marina are expected soon, as authorities move into the final stage of evaluating the project’s future direction. The focus remains on ensuring a financially sound and sustainable model, following three contract terminations over the past 20 years. Officials have emphasised that earlier setbacks stemmed from contractors failing to meet key obligations, while the overall strategic importance of the project has remained unchanged.

A comprehensive study prepared with international experts from Greece and the Netherlands is currently under review, alongside proposals linked to stakeholders of the former consortium. The assessment examines financial sustainability, risk management and alternative development structures. One key recommendation highlights that the port and marina should each be able to operate as financially viable units, ensuring long-term stability. The legal framework for any potential arrangement is also being clarified as part of the process.

The financial component of the study is expected in mid-April, after which clearer decisions can be taken regarding the project’s structure and timeline. Options under consideration include phased or separate development with state participation, which could potentially accelerate implementation. The redevelopment remains a strategic priority for Larnaca, with strong expectations that the next phase will bring renewed momentum and long-term economic benefits for the city and the wider region.