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)
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Poseidon Grand Marina offered Paphos marina contract
The Ministry of Energy, Commerce, Industry and Tourism said that Poseidon Grand Marina of Paphos was the successful bidder in a competition for the construction of a marina in Paphos with a capacity of 1,000.
“Following the decision of the Marina Management Committee today, the implementation of a very important infrastructure project will begin in the Paphos district and Cyprus, which was planned more than ten years ago,” the ministry said in a statement on the website of the Press and Information Office on Tuesday. The project which will include more than 42,000 square meters in housing and commercial development, the ministry added.
The decision to notify by letter the Poseidon Grand Marina of Paphos, a joint venture in which Aristo Developers is a major stakeholder, that it can go ahead with the implementation of the project was taken after the Legal Service advised the government to do so, the ministry said.
“In the letter in question, the successful bidder is asked to submit all data required and to subsequently sign the award contract according to the terms of the completion launched in 2006 for the design, construction, finance, operation and transfer of the proposed Paphos Marina,” the minister added.
The delay in awarding the project to Poseidon Grand Marina of Paphos is related to a legal battle which broke out after another consortium, Cybarco-Pandora won the competition in 2007 and ended in December, with a Supreme Court ruling in favour of Poseidon Grand Marina of Paphos.
By Stelios Orphanides
Copyright © Cyprus Mail
Green light for Paphos marina
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.
Supreme Court reserves decision on Paphos marina
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.