SUNDAY, 20 SEP 2020

 

CONNECT

Facebook Linked In Twitter
Compliance_29/01-24/09_728x90px
GloriaJeans_266x90px
IMH LTD

Merkel And Conte Express Full Support To Cyprus

Themis Papadopoulos Re-elected At The ICS Board Of Directors

IMH LTD

ECONOMY

Conclusion Of International Tender For Larnaca Port And Marina Development

Conclusion Of International Tender For Larnaca Port And Marina Development

The Cyprus Ministry of Transport, Communications and Works announced on Monday the successful conclusion of the international tender for the development of the port and marina area of Larnaca.


 
In its press release, the Ministry states that it has sent a ‘Successful Tenderer Letter’ to the consortium Eldeman Holding BV and Alexandrou Corporate Services Ltd, of Cypriot-Israeli interests.

 

The Ministry describes the completion of the tender as a milestone for the city of Larnaca and for Cyprus in general, while the Larnaca Municipality issued a press release stating that this is a success of historic importance and the result of many years of hard work and negotiations.

 

Investments are expected to reach around €1 billion, with additional estimated benefits for the local economy, which are  expected to exceed €120 million per year during the full development  period.

 

The project includes port, marina and land development works spanning to a total of 510,000 sq.m, including among other, expansion and management of the port, upgrading of the port`s existing infrastructure, construction of new buildings such as a new terminal for cruises, management and expansion of the marina for at least 650 vessels, a new yacht club building, residential and commercial development.

 

Source: CNA

MORE ON ECONOMY

Pilides: The Eastern Mediterranean Gas Forum Is A Very Important Initiative

The Eastern Mediterranean Gas Forum (EMGF) is a very important initiative by Egypt, said ...

Job Vacancy Rate In Cyprus Down In Second Quarter

Job vacancies in Cyprus amounted to 1.2% or 4,172 in the second quarter of 2020, marking ...

NPLs In Cyprus Rise Slightly In April

Non-performing loans (NPLs) rose slightly in April corresponding to 27.7% of total loans, ...

FROM AROUND GOLDNEWS

   

EU Commission Raises Climate Ambition And Proposes 55% Cut In Emissions By 2030

The European Commission presented its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This level of ambition ...
   

Sunnyseeker Hotels Takes Over Elias Beach Hotel In Limassol

Sunnyseeker Hotels announced the signing of a management agreement with EOE Tourist Enterprise Ltd, owner of the Elias Beach Hotel in Limassol. ...
   

Nicos Anastasiades: Mitigating The Pandemic’s Social And Economic Impact Remains Our Main Concern

Mitigating the social and economic impact of the coronavirus pandemic and the return of all sectors of the economy to maximum operation remain the ...
   

Increased Interest In The Plots Of Aristo Developers In Nicosia

Aristo Developers recently announced the segmentation and marketing of ninety large plots for residential development in the Municipality of Engomi in Nicosia. ...
   

Emmanuel Macron Faces Return Of Strikes

Strikers are taking to the streets of France on Thursday for the first time since the country returned to work from the summer holidays, signalling a difficult ...
   

Toyota Reveals Plan To Turn Trucks Into Emissions-Free 'Power Plants'

Portable emissions-free “power plants” could soon hit the road under plans by Toyota to fit some of the company’s light-duty trucks with ...
   

Merkel And Conte Express Full Support To Cyprus

German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte expressed, during separate telephone conversations they had on Thursday with Cyprus ...
   

WHO Warns Europe Over Covid Surge

Surging coronavirus figures across Europe should serve as "a wake-up call", the World Health Organization's regional director has said. Hans ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Gold_September
Phoenix_Leaders_10/09-21/09_300x250

IMH LTD