Negotiations for the Restart of Larnaca Marina and Port
February 26, 2025
The Prosperity Group CY is seeking negotiations with the government to restart a major project at the Larnaca marina and port, valued at €1.2 billion. The company's CEO, Panos Alexandrou, expressed concerns about the delays in reviewing the proposal and emphasized that the company has the necessary funds for completing the project's first phase. Completing the project is expected to create thousands of jobs. The delays are attributed to the government following the termination of the Kition Ocean Holdings contract.