The news is good for the construction of the marinas, since the bureaucratic and legal obstacles seem to have been surmounted. As said in the House of Representatives, the negotiations with Vouros for the Larnaca marina will be completed in the next six months, while negotiations for the Ayia Napa marina are in similar stages. In Limassol, the obstacles have to do with the legal service of the Republic, while in Paphos with the Tenders’ Council.
Ayia Napa
After more than six years, the Commerce Ministry approved yesterday the start of the negotiations for the Ayia Napa marina with the bidder.
Commerce Ministry General Manager, Efstathios Chamboullas told StockWatch that the Ministry has already prepared the preliminary terms for the negotiations with the joint venture, which is composed of Caramondani Bros, Atlas Pantou, G&A Toumazis, Fama Marina and Fmagusta CCI.
“The terms have been sent to the administrative committee, which will set the date of the negotiations”, he said.
The project will be housed in Ayia Thecla with the Build Operate Transfer (BOT) method and its cost is expected to reach €100 million.
Its start will depend on the finalization of the negotiations.
Limassol
The Limassol marina, on the other hand, is still on hold since the Attorney General is still looking for the ‘golden mean’ that will satisfy a series of clarifications on specific issues.
Mr. Chamboullas believes that the procedures will be concluded by the end of September and the project will begin, since Lemesos Marina has already secured a license.
Paphos
Things are more difficult in Paphos, after the appeal of Poseidon Grand Marina of Paphos to the Supreme Court, which on July 17 unanimously cancelled the decree of suspension of execution of the decision of the Tenders’ Revisionary Council
After this development, the Tenders’ Council and the administrative committee must decide which of the two will handle the case and will decide whether the successful bidder composed of CYBARCO PLC, Francoudi & Stefanou Ltd, Αθήνα Α.Τ.Ε., J & P AVAX S.A., J& P LTD, Pandora Investments Public Ltd and C.A.D.S. Holdings Ltd will continue with the procedure or not.
Ayia Napa
After more than six years, the Commerce Ministry approved yesterday the start of the negotiations for the Ayia Napa marina with the bidder.
Commerce Ministry General Manager, Efstathios Chamboullas told StockWatch that the Ministry has already prepared the preliminary terms for the negotiations with the joint venture, which is composed of Caramondani Bros, Atlas Pantou, G&A Toumazis, Fama Marina and Fmagusta CCI.
“The terms have been sent to the administrative committee, which will set the date of the negotiations”, he said.
The project will be housed in Ayia Thecla with the Build Operate Transfer (BOT) method and its cost is expected to reach €100 million.
Its start will depend on the finalization of the negotiations.
Limassol
The Limassol marina, on the other hand, is still on hold since the Attorney General is still looking for the ‘golden mean’ that will satisfy a series of clarifications on specific issues.
Mr. Chamboullas believes that the procedures will be concluded by the end of September and the project will begin, since Lemesos Marina has already secured a license.
Paphos
Things are more difficult in Paphos, after the appeal of Poseidon Grand Marina of Paphos to the Supreme Court, which on July 17 unanimously cancelled the decree of suspension of execution of the decision of the Tenders’ Revisionary Council
After this development, the Tenders’ Council and the administrative committee must decide which of the two will handle the case and will decide whether the successful bidder composed of CYBARCO PLC, Francoudi & Stefanou Ltd, Αθήνα Α.Τ.Ε., J & P AVAX S.A., J& P LTD, Pandora Investments Public Ltd and C.A.D.S. Holdings Ltd will continue with the procedure or not.
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