Paphos Marina

Paphos Marina expected soon

Pafilia Group will find out in the coming days whether they have met the necessary criteria to construct along-anticipated marina in Paphos, according to the Paphos Chamber of Commerce and
Andreas Demitriades told the Paphos Post that: “The Pafilia Group were asked to provide all of the necessary documentation to highlight their ability to promote, implement and finance the project for the construction of the marina in Potima in Kissonerga.
They need to demonstrate that they meet the terms and conditions of the competition,” he said.
The Poseidon consortium had planned to build and run the new Paphos marina, which came with a 215
million price tag, but they were rejected in April, which meant that tender runner-up Pafilia could step up and submit their paperwork for a chance to snare the deal The Pafilia bid is a different design and costs less, around 175 million euros, and if their bid is successful the project will be awarded to them. However, if the developer fails to meet the criteria, the entire process, which has already dragged on for more than a decade, will be cancelled and another tender announced, the tender for the project was first announced in 2007 and in 2008. It was initially awarded to the Cybarco-Pandora consortium, which includes the Leptos Group.
However, the other two bidding consortiums, Pafilia and Poseidon, a joint venture in which Aristo developers is a major stakeholder, challenged the award at various stages. They claimed the winning developer used inside information to offer a lower e for the construction of the marina and won the tender then frozen after litigation began in 2008.

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