Contracts signed for Limassol marina

Cyprus Trade, Industry and Tourism Minister Antonis Michaelides signed the contracts for the construction of a marina in Limassol worth 170 million euro.

The marina, which will be constructed with the method of Build-Operate-Transfer (BOT) in three years, will have a capacity of 1,000 yachts in and out of water.

Speaking during the signing ceremony, Michaelides said that the event is a day of celebration for Cypriot tourism, adding that the new marina will be ”a unique jewel for Cyprus.”

”We upgrade the diversity of our provided services,” Tourism Minister said and added that the construction of the marina will contribute to the attraction of quality tourism of higher per capita expenditure.

Limassol Marina will offer a range of services including dining, residential, shopping and conference space. A green park will surround the marina, while all buildings within it will adhere to old Limassol’s traditional architecture standards. The total cost for the project amounts to €170 million. Construction work will start in six months and will be completed in three years.

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