Plans for a proposed 1,000-berth marina at Paphos in Cyprus are expected to take a significant step forward later this month. An announcement is due imminently on whether the Pafilia Group, one of the country’s biggest developers, has met specific criteria allowing it to go ahead with the project.
A number of legal and planning rows have delayed the marina’s development for around 10 years. However, the head of the Paphos Chamber of Commerce & Industry told The Cyprus Mail that more should be known by the end of the month.
Andreas Demitriades told the Mail: “The Pafilia Group were asked to provide all of the necessary documentation to highlight their ability to promote, implement and finance the project for the construction of the marina in Potima in Kissonerga. They need to demonstrate that they meet the terms and conditions of the competition.”
A competing bid from the Poseidon consortium, which aimed to build and operate the marina at a cost of €215m, was rejected last April. This left the field open to the Pafilia Group to move forward on its bid submission. The Pafilia bid proposed a different and cheaper design, coming in at €175m.
If Pafilia fails to meet the necessary criteria, then its bid will be cancelled and another tender process started.
Demitriades told the Mail: “This tender has gone through turbulent times due to the various recourses to the Supreme Court. I think it was wrong not to award the tender immediately to the first company. The tender authority has the right to do this, and by now, the marina would be built and fully operational.”