The Deputy Ministry of Tourism and Deloitte Triton Paphos Marina Consortium signed Monday a contract for the provision of consulting services for the conduct of the tender process for the development of the Paphos marina.

The contract provides for the process of the selection of a strategic investor, in order to develop the project using the D.B.F.O.T. method. (Design, Built, Finance, Operate, Transfer).

An announcement by the Deputy Ministry says that the marina is planned to be built in the Potima area, in Kissonerga village and the investor will have the option to either build a marina with a capacity of one thousand boats, which will include both residential and commercial development, or for a combined development of a marina of one thousand boats, with infrastructure to accommodate cruise ships, which will also include residential and commercial development.

The total duration of the contract is 30 months. The announcement of the project is expected to take place in nine to twelve months from the signing of the contract. The project is expected to be completed around the end of 2026.

Consultations with both public and private entities are going to take place in the coming months, as provided for in the contract, in order to finalize the parameters of it.

Deputy Minister Costas Koumis said that today the first step is being taken for the implementation of an important project for the district of Paphos, which is expected to upgrade the tourist product of the whole of the island.

Koumis said that all the projects lay the foundations for the further development of maritime tourism and yachting tourism in particular, a form of tourism characterized primarily by high-income visitors.