Cyprus – Progress with Major Infrastructure Projects
Cyprus – Progress with Major Infrastructure Projects
Work on ‘world-class’ airport in Cyprus begins (published by Ready2Invest)
Improved travel links to Cyprus could mean a boost to local property as the country is set to become more accessible.
Larnaca and Paphos airports are part of the way through upgrades totalling 650 million euros (about £443 million) that the contractor said will make Larnaca very competitive.
Hermes Airports chief executive, Bob Manning, told Cyprus’ Financial Mirror that the works will turn Larnaca into “a world-class airport”.
The firm is to build new passenger terminals and extend the runways at both airports under a 25-year concession.
Paphos and its new facilities will ready by the end of 2008 and Larnaca by the end of 2009.
Yasou Travel reported that a review of the island’s tourism and marketing plan had been discussed at a meeting between the airport operators, airline representatives and officials from the Cyprus Tourism Organisation.
Mr Manning told the travel news website that the successful delivery of new projects instilled confidence.
Phase 1 of Larnaca’s new three-level 98,000 sq m passenger terminal, inspired by the city’s medieval aqueduct, will have a capacity for 7.5 million passengers a year.
Phase 2 increases its capacity to 9 million and the runway from 2,700 m to 3,500 m by 2013.
Marina Projects
THE GOVERNMENT says that the marinas projects are on track. (Cyprus Mail)
The plans in the pipeline are these: the expansion and upgrading of the Larnaca marina, with space for 1000 berths; Limassol marina with a capacity for 1,000 berths; Paphos 1,000 berths; Ayia Napa 650 berths; and Paralimni 250-300.
Paphos-Polis highway
Government seeks tenders for 300 million highway project (Cyprus Mail)
THE tendering process for the new Paphos-Polis highway project, worth over 300 million euros, began this week with the participation of 60 representatives from five large consortia.
The Paphos-Polis Motorway will be a complicated project, with a significant number of major structures including three tunnels, seven viaducts, and extensive earthworks.
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Polis/Paphos Motorway Update
PARIS -(Dow Jones)- A consortium including French construction company Vinci SA (VCISY) has been named as the preferred bidder for the first public-private partnership contract to build a motorway in Cyprus, the company said in a press statement Monday.
The project, which will link Paphos to Polis, consists of a 30-year contract worth a total of EUR470 million and includes the financing, design, construction and operation of the motorway.
Vinci represents 40% in the consortium, which is completed by J&P, representing 45% and Cybarco representing 15%.
The construction work will last four-and-a-half years and amounts to EUR275 million; it includes the construction of nine viaducts and three tunnels, Vinci said in a statement. -By William Horobin.
Paphos Marina Update
Minister Antonis Michaelides confirmed yesterday. “I am pleased to announce that the evaluation and bidding procedure for a Paphos Marina are in their final stage”.