Ministry awards Paralimni concession

CYPRUS: UK-based Marina Projects has announced that PMV Maritime Holdings has been awarded the concession to develop Paralimni Marina. The agreement was signed in January by Mr George Lakkotrypis, the Minister for Energy, Commerce, Industry & Tourism at the Paralimni Municipality in the Famagusta District.

Paralimni Marina will be developed by PMV Maritime Holdings in association with Marina Projects, which has been working alongside the directors of PMV since the announcement of the concession contest in June 2015. Marina Projects produced the concept design for the winning bid and will be actively involved as the development is taken through the detailed design and construction stages. Following completion, the company will also be engaged for the ongoing management and operation of the marina.
The Paralimni Marina scheme is a mixed use waterfront development incorporating 195 apartments, 27 commercial units, a yacht club and visitor facilities, together with a 300-berth marina for vessels up to 25m (82ft). Due to be fully operational in 2021, it will be the first dedicated leisure marina on the attractive Protaras coastline and will benefit and support the growth of nautical tourism in the region.


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