Progress in tender process for Paphos marina

 The deputy ministry of tourism and Deloitte Triton Paphos Marina Consortium signed on Monday a 30-month contract to provide consulting services over the tender process for the Paphos marina development.

The aim of the contract is to create a tender process that will lead to the selection of a strategic investor, which will develop the marina using the DBFOT method. (Design, Built, Finance, Operate, Transfer).

Deputy Minister Costas Koumis said that the first step is being taken for the implementation of an important project for the district of Paphos, which is expected to upgrade the tourist product of the whole of the island.

According to the deputy ministry, the marina is slated to be built in the Potima area, in Kissonerga village. The investor will have the option to either build a marina with a capacity of 1,000 boats, which will include both residential and commercial development, or a combined development of a marina of 1,000 boats, with infrastructure to accommodate cruise ships, which will also include residential and commercial development.

The total duration of the contract is 30 months. The announcement of the project is expected to take place in nine to 12 months from the signing of the contract. The project is expected to be completed around the end of 2026.

Consultations with both public and private entities are going to take place in the coming months, as provided for in the contract, so as to finalise its parameters.

Koumis highlighted that all the projects lay the foundations for the further development of maritime tourism and yachting tourism in particular, a form of tourism characterised primarily by high-income visitors.