“The project is currently seeking to secure the necessary licenses, consents and approvals from all governmental departments. It is not expected to start before autumn as the application must be approved by a series of government departments, such as the Urban Planning, the Ports’ Authority, the Merchant Marine, the Public Works and the environmental authority, while an environmental study must be secured as well,” Mr. Hamboullas said.
According to the contract, the harbour works and the development of the land space must be executed simultaneously over a three year period.
Lemesos Marina Ltd, which has undertaken the project for 53 years, comprises of Cybarco of Lanitis Group, J&P-Avax SA, J&P Joannou & Paraskevaides Ltd, Cads Holdings Ltd, Francoudi & Stephanou, Athena SA and Limassol Marina Development Company Ltd.
The marina will be built near the old port and will have a capacity of around 1000 vessels. The 40,000m2 of land will be developed to include 2,200 villas and flats, 75 shops, parks, restaurants, cafes, as well as spaces to berth vessels in the gardens of the villas.
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