ECONOMIC DEVELOPMENT
A new gateway to Larnaka
In 2005, the Central Government of Lernaka set on tender the re-development of the port and marina waterfront of the city, which also include the development of mixed land uses, such as residential units, shops, offices, restaurants, hotel and community service buildings. The tender also included the concession of the management for 35 years of the port.
Tags: Ports, Public-Private Partnerships, Sustainable Tourism
Challenges addressed
- Enhance access capability to EU markets
- Improve mobility and connectivity
- Create a public-private partnership
- Economic development: tourism, international transport and real estate
Main objectives
- Build a world class cruise and marina facility
- Redevelop the waterfront with new mixed land uses
- Enhance the attractiveness of Larnaka as a tourism, leisure and recreation destination
- Create environmentally and economically sustainable places
- Develop green and public spaces
Facts
Project type Port and Marina redevelopment
Land uses Port and waterfront, residential units, shops,
offices, restaurants, hotel and conference facilities.
Promoter Ministry of Communications and Works
Start date 2012
Duration 35 years
Site size 510.000 m2
Budget ~ 800 million Euros
Project description
The city of Larnaka has an urban population of 86.700 people and has three main transport infrastructure elements of Cyprus, the largest international airport of the island, the port and the marina of Larnaka.
The port and marina of Larnaka are located only 3.5 km from the international airport. The main strategic objective for the development of Cyprus port infrastructure is to enhance the competitiveness and effectiveness, to meet modern needs for mobility of passengers and goods.
The Ministry of Communications and Works of Cyprus published a tender for the redevelopment of the port and marina waterfront in 2005. The main aim was to create a Public Private Partnership for this project, so the tender also included the concession of the port management for 35 years.
The contract concession was finally made in 2012. The project is structured in different work phases. The port and marina redevelopment will include around 1000 berths, mixed land uses as housing, restaurants, shops, facilities, hotel, green and open spaces, etc.
The area has three main users: cruise operators, tourists and residents. The new spaces and buildings aim to meet all their needs, in order to become an iconic and attractive point for both, locals and visitors.
Impact
- 500 berths initial phase ( +500 berths in later phases)
- 250.000 m2 floor space
- Parking spaces for +1000 cars
- Yacht club with ~ 1000 berths
- Commercial and cultural quarter for locals and visitors
- Creation of an extensive road network with walkways and cycle tracks
- Iconic terminal building for cruises
- Green buildings
- Creation of green and open spaces
