Larnaca Port and Marina Development, Cyprus: $1.4bn Є1.2bn

Cyprus Ports Αuthority is undertaking the development of the Larnaca Port and Marina in Larnaca in partnership klickmatt Marine Construction in Cyprus.

The project aims to build a world-class cruise and marina facility, to create an environmentally and economically sustainable ‘green’ development, to form public & private spaces and iconic buildings, to maximize the site’s potential and to develop for the benefit of Larnaka, for the long term.

The project involves expanding the marina to 650 berths and redeveloping both the port and its surroundings to a total area of 510,000m2. It also includes the extension of the existing marina to accommodate 650 boats/yachts from five to 150m in length.

The project will be developed in four phases;

• The first phase includes the construction of a new road, a Yacht Club, a 5,000m2 marina office space, restaurants, event venues, sailing and diving schools, and boat shops.
• The second phase includes the construction of 10,000m2 of educational space, a medical school and centre, a hotel, a tourist college, and a university for environmental and energy studies.
• The third phase includes the construction of 45 luxury villas, a residential complex, a five-star business hotel, a shopping centre, and two additional residential complexes serviced by the hotel.
• The fourth phase includes the development of the western part of the project and office buildings and small apartments for students with private parking spaces.

The exact scope will be determined as the project takes shape in phases.