Paralimni Marina Construction Underway


Construction work has begun on the Paralimni marina, which is expected to be fully operational by mid-2021 and which will have a capacity of approximately 300 vessels.


 The project for the construction of the Paralimni marina has commenced according to an announcement by the Department of Fisheries and Marine Research. The department wishes to inform the public that there will be some disruption for vessels at the Paralimni fishing shelter as works begin.


 Specifically, from Friday October 19, 2018 until Saturday afternoon, October 20, 2018, access for vessels will be forbidden as drilling works are undertaken at the entrance of the fishing shelter. The drilling will take place in the framework of the construction of the Paralimni marina. The Department of Fisheries and Marine Research regrets any inconvenience caused by the restriction which will be in place for safety reasons. Contracts for the much delayed Paralimni Marina were signed in January 2018 by the Energy Minister Giorgos Lakkotrypis, investor PMV Maritime Holdings and the Paralimni Municipality.


 The project, estimated to cost around €110 million, is anticipated to contribute to the upgrading of the tourism infrastructure of the Famagusta district and to the promotion of nautical tourism in Cyprus in general. The Paralimni marina will be constructed in the area of ​​the Agios Nikolaos fishing shelter in Paralimni, on state land and marine area and will have a capacity of approximately 300 boats. Under the agreement, PMV Maritime Holdings Ltd will manage the marina for 125 years. The project will include administration buildings, residential and commercial developments. Based on the design, there will be 195 residential units – mostly luxury apartments – and 27 commercial spaces (restaurants, cafes, bars).


 The plans detail construction of 14,250 metres for residential buildings and 2500 metres will be for commercial buildings. The Paralimni Marina is a partnership between PMV Maritime Holdings Ltd and J & P (Joannou & Paraskevaides) Marina Projects Ltd, who manage marinas in Britain as well as Nicolaides & Kountouris Metal Company Ltd. Architect of the project is the British company Harper Downie. The Paralimni Marina will be considered as an official point of entry into the Republic, therefore it will have facilities for port police, customs and medical services. The marina is expected to be fully operational by mid-2021.


 Sources: Cyrus Property News / Cyprus Tourism News


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