The redevelopment of the Larnaca Marina and Port is estimated to cost €415 million, according to a preliminary assessment included in the roadmap presented on Thursday by the Cyprus Ports Authority, with a margin of variation of ±50%.
The large-scale project is divided into three parallel sub-projects featuring specific actions, timelines and implementation bodies.
Marina land development plans
Sub-project A, which focuses on the Marina’s land areas and surrounding land, carries an estimated cost of around €190 million for the period between 2027 and 2036.
Initial works will include upgrades to existing areas and the relocation of boatyards from the Marina to the northern section of the Port. Authorities also plan to develop road networks and key infrastructure.
The project includes public spaces, green areas and new parking facilities. Later stages will feature commercial developments under the Local Plan, including retail spaces, hotels, a conference centre, restaurants with leisure areas and office facilities.
Most of the commercial developments are expected to involve private investors.
Marina and port upgrades planned
Sub-project B for the redevelopment and expansion of the Marina has a budget of approximately €20 million over the same period.
Plans include maintenance of existing facilities, construction of new service buildings and expansion of the breakwater with a new southern quay.
Sub-project C, the largest component of the redevelopment programme, concerns the modernisation and expansion of the Port and carries an estimated cost of €205 million extending to 2045.
Early stages include maintenance works, network upgrades and new equipment procurement, alongside the construction of new administration and passenger buildings.
Major interventions such as new quays, a breakwater and harbour basin works are planned for the 2036–2045 period.
Long-term vision for Larnaca
The Cyprus Ports Authority will oversee core infrastructure and maintenance works, while significant commercial and tourism developments aim to attract private investment.
The Master Plan is expected to be completed by 2029, with the full project timeline extending until 2045.
The strategic vision behind the project focuses on creating a modern, sustainable and internationally competitive coastal development hub. Plans seek to combine port operations, business activity and public spaces with tourism, culture and leisure facilities while strengthening economic growth, tourism and shipping.
The initiative also aims to establish Larnaca as a hub for the blue economy in the Eastern Mediterranean.
Also read: Israel, Cyprus and EU build joint front on AI
For more videos and updates, check out our YouTube channel
