The contract to build the long-anticipated Paphos marina has been awarded to Pafilia by the ‘new’ Marina Management Committee, which was appointed in March to examine documents submitted as part of the marina tender process. (Copyright © Cyprus Property News)
The chairman of the Paphos Commerce and Industry Chamber Andreas Demetriades said that the development of the Paphos marina will have a positive multiplier effect on all other sectors of the local economy, according the Cyprus News Agency (CNA).
He added that the marina which will accommodate for more than 1000 yachts will increase Papho’s tourist product as it will attract more and new tourists from neighboring countries.
According to Demetriades the Marina will be built in a 155 thousand square metres of land from which 40 thousand will be used for residential purposes.
The marina will be built in the area of Potima between Kissonerga and Pegeia and it is expected to satisfy the increasing demand form yacht owners from Greece and Asia Minor, according to Demetriades.
Last week the Supreme Court excluded the joint-venture Cybarco-Pandora from undertaking the Paphos Marina project and initiated negotiations with the second in line successful applicant Poseidon Grand Marina joint-venture, in which Aristo developers is a major shareholder.
Officials in Paphos have welcomed the announcement by Aristo Developers that the long-awaited marina project will soon get underway, following a ruling by the Supreme Court.
On Monday, the court announced a judgement in favour of applicant ‘Poseidon Grand Marina’, a joint-venture, in which Aristo developers is a major shareholder.
Head of the Kissonerga community council George Stylianou told the Cyprus Mail: “There is now finally a decision, and we now expect the winning consortium to start building this project as soon as possible. There are only draft plans at the moment, but once building plans have been passed and permits granted, we hope that they will be in a position to commence work next year.”
The head of the Paphos Chamber of Commerce, (EVE) Andreas Demetriades, welcomed the news saying that EVE had requested that the president of the Supreme Court issue the relevant documents around three months ago.
A SUPREME Court hearing concerning a proposed marina in Paphos was wrapped up on Tuesday but the decision was reserved.
According to the head of the Paphos Chamber of Commerce, Andreas Demetriades, he doesn’t expect a judgment to be issued for a couple of months.
Paphos has long campaigned for a marina as it promises to attract high spenders and quality tourism.
Demetriades said that the construction of the marina, which has been plagued by litigation, is imperative for the economy and tourist product of the coastal town and will create many new jobs.