Larnaca, Cyprus. A €415 million redevelopment programme for Larnaca Port and Marina was presented on Friday, with the ports authority setting out a roadmap for phased investment over the next two decades. The preliminary estimate divides the project into three parallel subprojects covering marina land, marina infrastructure and port modernisation.
Programme timeline
The overall programme extends to 2045, while the master plan is expected to be completed by 2029.
Port investment
The largest component concerns the port, where investment of around €205 million is planned through to 2045.
Initial works will focus on maintenance and new operational equipment. New quays, an expanded breakwater, additional berths and a new port basin are scheduled to be delivered between 2036 and 2045.
Marina land redevelopment
A further €190 million has been allocated for redevelopment of the marina land and adjacent areas between 2027 and 2036.
Early works include landscaping and the relocation of existing boatyards from the marina to the northern section of the port. Public open spaces, green areas and parking facilities will also be created before any commercial development proceeds.
Commercial and marina works
The roadmap includes hotels, restaurants, office space, recreation facilities and a conference centre, with most commercial projects expected to be undertaken by private investors.
The marina itself will receive investment of approximately €20 million during the same period.
