On June 11, 2008, the Council of Ministers approved the appointment of an administrative committee for the development of the Larnaca port and marina.

According to an announcement released today, the project will be based on the DBFO method (Design-Build-Finance-Operate), while the administrative committee will undertake its duties as soon as the Tenders Council selects the preferable bidder.

Its duties include the conduct of negotiations with the preferable bidder, the approval of the final contract documents and the decision taking of issues concerning the project.

The committee is composed of Andreas Moleskis – Chairman, Chrystalla Mallouppa – Vice Chairman, Stella Fylaktidou – Member, Stella Zapiti – member, Stelios Neophytou – Member, Thecla Kadi – Secretary, Tereza Ioannou – Deputy Secretary, Agathi Christou, Chrysi Prentza and Panos Egglezos.

It is worth noting that Mrs. Christou, Mr. Prentza and Mr. Egglezos will not attend the decision taking meetings.

The Council of Ministers also proceeded with the approval of the appointment of the “Manager for the Administration of the Project”, who will coordinate all procedures until its completion.