The Cyprus Ports Authority has unveiled a €415 million roadmap to revamp the Larnaca port and marina, setting a course that stretches to 2045.
The preliminary budget carries a standard 50% margin of error, but the blueprint breaks down the massive undertaking into three distinct sections managed by both public funds and private capital.
The first phase concentrates on the marina’s land zones and nearby real estate, carrying an estimated price tag of €190 million between 2027 and 2036. Early work involves upgrading the current grounds, creating essential roads, and shifting the existing shipyards away from the marina over to the northern edge of the port. Planners intend to add parks, public areas, and parking lots before opening up the zone to commercial real estate.
Private investors will largely back these later additions, which include hotels, retail outlets, a conference center, offices, and dining spaces.
The second phase allocates €20 million over the same decade to upgrade the marina itself. This money will cover routine maintenance on standing structures, new service buildings, and an extension to the southern quay wall.
