larnaca port privatisation

Larnaca port, marina rebuild gets final nod

The long-awaited €1.2 bln redevelopment of Larnaca port and its marina got the final green light Monday after the Transport Ministry sent a ‘Successful Tenderer Letter’ to the chosen consortium after protracted negotiations.

The consortium awarded the project is Kition Ocean Holdings, a Cypriot-Israeli consortium, composing of investors Eldeman Holding BV and Alexandrou Corporate Services Ltd.

Tender negotiations between the two sides have been ongoing since late 2018 when the consortium’s bid was the only one left on the table after a number of bidders pulled out.

Cyprus Transport Ministry said the letter essentially marks the end of the tender process and the whole project can now move on to the next stage with the signing of contracts between the two sides.

Once the agreement is signed, a 12-month transition period will follow during which the investor will take over the project in its entirety.

This involves the restructuring of the marina for at least 650 berths, the port and surrounding land development over an area of 220,000 sqm spanning to a total of 510,000 sqm.

The development, which also involves real estate, is expected to see the consortium invest around €1.2 bln in the project.

Plans include the development of the marina with the latest technological infrastructure, turning Larnaca port it into one capable of serving large vessels with the expansion of piers, docks and the construction of a modern passenger terminal.

As part of the marina development, there will be a yacht club with a retail park, plus hotels, a private island and residential properties.

Port works will also include the expansion and management of the port, improving current infrastructure such as the interior road network, storage space as well as creating a new terminal for cruise ships and utilising the port for cargo management.

The area between the marina and the port will see infrastructure works carried out, including a road network, green areas, parks, open spaces for events, as well as education and medical centre.

The consortium is also planning residential and commercial development with innovative architecture, streets, and parks.

The project is expected to be completed over a period of 10 to 15 years.

According to the Transport Ministry, the project’s added benefits to the economy should surpass €120 mln annually once fully developed.

Under the proposed venture, it is estimated that the state will receive more than €19.6 bln during the lifetime of the project which includes the 125-year lease on the real estate.

The BOT project will see the government receiving a fixed rent and a percentage of the revenue generated through a concession agreement with the port/marina operated on a 40-year lease and the real estate is acquired on a 125-year lease.

After 40 years the port and marina can be handed back to the government who will then decide on their management.

The complete project will span over 10 years as it includes building two hotels (lifestyle/business), nine office buildings (mixed-use) of up to 15 floors each and six luxury apartment blocks up to 13 floors each.

Source: Financial Mirror

First glimpse of planned Larnaca marina and port project

The proposed €1b joint Larnaca port and marina project, the first designs of which were released to the media on Friday, will bring radical changes to the area.

Highlights of the proposal include hotels and residential towers at the marina, while the port will be expanded to be able to serve large cruise ships.

Transport Minister Yiannis Karousos announced the agreement between the government and the Cyprus-Israeli consortium Kition Ocean Holdings that is behind the project at a meeting with mayors of Larnaca district on Thursday.

Karousos described the deal as historic and said contracts will be signed in 10 days.

Larnaca Mayor Andreas Vyras welcomed the long-anticipated agreement which he said marked a new era for the town, the district as well as the economy more generally.

The project provides for port infrastructure, a marina, redevelopment of the land, a road network, green areas, parks and pedestrian areas as well as residential units and catering and recreation establishments over a period of 10 to 15 years.

Kition Ocean Holdings is proposing expanding the current marina so that it can berth 650 boats of between five and 150 metres.

The new marina will have catering venues, recreation and green areas, children’s play areas, shops, hotels, luxury villas and an educational and medical centre that can host students to study and train in hotel management, medical studies and marine studies.

At about €1b it is considered the biggest investment in Cyprus to date and on completion will create 2500 new jobs and create considerable revenue for the state.

Vyras told Phileleftheros that according to the briefing given by officials, the investment is within the framework sought by the town.

  • commercial use of the new port
  • tourist activity that will include deepening and expanding the port so that large cruise ships can dock there
  • hotels and luxury hotel suites, residential units for permanent residents, recreation areas, green areas etc

“We are talking about a project which is much bigger than the Ayia Napa marina project which is a very large project for Cyprus,” he said.

Vyras said work may start at soon as later this year.

Based on the Finance Ministry’s study the investment will lead to a €120m annual increase in Cyprus’ GDP.

Combined with the relocation of petrol facilities and the freeing and development of that section of the coastal front, the new project will give further momentum to Larnaca’s growth.

Source: In Cyprus

larnaca port from air

Larnaca port

Larnaca port (CYLNC) is the second, in magnitude, port of our country and it is situated in the southeastern part of Cyprus.

Until 1973 the port of Larnaca was operating as a roadstead with inadequate port facilities which the town offered in the area where today lays the Marina i.e. at the town center. With the exception of the oil products, the port had served up to that time very little trade traffic and its storage space was quite small and unsuitable.

In its present form, Larnaca port is situated approximately 2 km from the town center and on the landside is surrounded by residential units. On the north side there are oil product installations and at the south side it borders with Larnaca marina.

An advantage for the port is the fact that at a distance of 6 kilometers lays Larnaca International Airport.

The new Larnaca port was completed in June 1973 and was initially intended to share with Famagusta port its inland area and supplement the latter. It commenced operation at the end of 1973.

Today it is a multipurpose port having an area of 445.000 sq. meters and serves all kinds of loads from unpacked (animal fodder, grain, gypsum), conventional (lumber, iron, fertilizers, automobiles) as well as oil products.

Larnaca port

Larnaca port North quay
North quay 326m, water depth 9,3m and equipped with crane on rails (Luffing Crane) of 35 tons able to serve loads 150m to the western part of the quay.

Larnaca port South quay
South quay of length 340m, water depth 11,4m and equipped with two gantry cranes of 40 tons, 1 crane on rails of 45 tons as well as a ramp of 25m width suitable for ro-ro ships.

General Information
Position South Coast of the Island
Function Multipurpose port
Topography Southern Coast-Central Part
Port limits That part of the coastline and the territorial waters of Cyprus, contained within a line drawn 089º to the high seas from Livadhia Church Belfry and a line drawn 089º from the Mosque (Hala Sultan Tekke) on Admiralty Chart No. 851 of the 8 th August 1941.
Approach and entry The port is dredged to 12m and the approach channel is dredged to 13m with a minimum width of 160m. Maximum draught allowed 11.4m. The height of the quay is 2.3m above sea level.
Traffic Approx. 611206 tons (2010)
Port Authority Cyprus Ports Authority
Limiting Conditions
Controlling depth 11.40m
Deepest and longer berth 12.0m , 340m South Quay.
Mean tidal levels 0.30m
Abnormal levels 0.60m
Density of water 1025
Maximum size of vessel handled 270m
Local weather Fair, Prevailing winds summer SW 4-5
Sea state Slight to moderate
Arrival Information
Port operations Multipurpose (including small quantities of fuel ol)
Vessel Traffic Service
Port radio VHF CH 14-16
Notice of ETA 24 hrs prior to arrival
Outer anchorages Cargo and passenger vessels should anchor S of a line drawn 090º from the head of the S breakwater of the main harbour and North of a line drawn 090º from Marina South Breakwater in position: 34º 55.2N
33º 38.6E
Pilots Available at any time
Tugs MARION 3500 HP 35T Bollard Pull
ZENON 620 3.5
Local knowledge --
Regulations concerning entry Always after Harbour Master's approval.
Quarantine Pratique Granted before or after berthing
Notice of medical requirements To be sent 3 hrs prior to arrival
General layout The harbour is formed and protected by two curved breakwaters and dredged to 12m. It offers a quay length of 666m with depth of 10-12m.
Seaplane harbour/area Turning circle 300m.
Hazards -
Measured distance -
Degaussing range -
Traffic signals -
Storm signals -
Natural conditions Usually Fair
Principal marks -
Directions for entering harbour From a position approx. 0.5nm ENE of the harbour entrance , the line of bearing 242º of the harbour entrance leads WSW passing (with positions given from the head of S breakwater): Close SSE of Fairway lightbuoy 0.3nm NE, which marks the entrance to the approach channel thence; NNW of the head of S breakwater and SSE of a buoy 0.075nm NNW, which marks the NNW side of the channel, thence SSE of the head of N breakwater.
Entrance channel The approach channel is dredged to 13m with a minimum width of 160m. Maximum draught allowed 11.4m.
Direction for leaving harbour In accordance with pilots instructions.
Basins and berths
Basins Turning circle 300m
Anchorage and moorings -
Alongside berths N.Q. 326m 10m depth, S.Q.340m 12m depth
Port services
Diplomatic representation Mainly in Nicosia-Approx. 50km from Larnaca
Repairs Minor repairs can be performed.
Other facilities Bunkering, garbage collection, oil waste
Supplies Stores, fresh water, provisions.
Communications Taxi & bus service available at port gate.
Harbour regulations IMO regulations applicable
Small craft facilities Not available

larnaca port from air

Larnaca port anchorage aerial photo