5 Minute News

Port Authority: Development Proposal for Larnaca Port

December 7, 2024

The Government has decided to assign the management of Larnaca's port and marina to private entities for five years, seemingly without informing local stakeholders. The Cyprus Port Authority submitted an €86 million proposal for the port's development, raising concerns in the local community. There are differing views on the sustainability of the government’s decision, while the Port Authority states it possesses the expertise and personnel for the project. The city is expected to react strongly if the Government proceeds with the private management.