Cyprus Ports Authority presents €415 million master plan to upgrade Larnaca port and marina over 20 years

Economy larnaca marinaLarnaca portTop News Cyprus Ports Authority presents €415 million master plan to upgrade Larnaca port and marina over 20 years Limani Marina Larnakas Anakinononte I Apofasis Tis Kivernisis Pia Ta Etimata Tou Dimou Relevant News Cyprus faces losing millions in Recovery Fund grants as MPs challenge rushed business development bank law 4 July 2026 Cyprus Ports Authority presents €415 million master plan to upgrade Larnaca port and marina over 20 years 4 July 2026 Cyprus domestic abuse victims trigger silent SOS app 27 times to summon emergency police patrols 4 July 2026 Natasa Christoforou 4 July 2026 FacebookXWhatsAppEmailPrintViber The Cyprus Ports Authority (ALK) has presented a 20-year roadmap containing €415 million (±50%) in projects to develop Larnaca’s long-delayed port and marina, officials said. The proposal, unveiled to the Larnaca Development Committee, aims to revive the two critical state infrastructures that have remained stagnant for two decades following three failed privatization attempts with private investors. Under the new plan, public ownership of the infrastructure will be maintained by ALK, while private capital will be drawn through partnership models. The sweeping plan includes developing 85,000 square metres of onshore land and merging the Phinikoudes seafront with the former refinery area into a unified coastal zone featuring public spaces, footpaths, cycle lanes, squares, and recreational areas. Implementation hinges on approval from all stakeholders and the completion of a feasibility study. If accepted, ALK will launch an architectural competition and draft a Concept Master Plan. Officials noted that the budget figures are indicative and carry a 50% margin of uncertainty because they were calculated before the completion of the master plan. The development is split into three main sub-projects spanning from 2027 to 2045: Onshore Land Development (€190 million) Targeting 35,000 square metres within the marina and 50,000 square metres of adjacent land stretching north towards the port, these projects will be completed within a decade. Initial phases will focus on landscaping, a temporary connection to Europe Square, and moving existing shipyards to other locations to prevent noise pollution. Main infrastructure like roads and multi-storey parking lots will follow, with commercial plots leased to third parties. The land-use schedule includes: Landscaping existing areas (2027-2028): ALK – €2 million Relocating shipyards (2027-2028): ALK – €3 million Road network infrastructure (2028-2029): ALK – €15 million Public squares & green spaces (2029-2031): ALK – €3 million New parking facilities (2029-2031): ALK and/or third parties – €10 million Retail commercial spaces (2029-2031): Third parties – €7 million Exhibition spaces / Naval Club (2029-2031): Municipal authorities – €15 million Restaurants & entertainment venues (2029-2031): ALK and/or third parties – €15 million Sports facilities (2028-2029): Municipal authorities – €5 million Centres of Excellence / CMMI (2029-2031): Municipal authorities – €5 million Office buildings (2029-2031): ALK and/or third parties – €50 million Hotel and Conference Centre (2031-2036): Third parties – €50 million Cultural & environmental projects (2031-2036): ALK and/or municipal authorities – €10 million Marina Expansion (€20 million) Following a market sounding exercise, port and supporting land infrastructure will be expanded over a 10-year horizon to add 150 to 200 new berthing slots. Maintaining existing infrastructure (2027-2028): ALK – €3 million New services building (2029-2031): ALK and/or third parties – €2 million Leeward breakwater extension (2031-2036): ALK and/or third parties – €7 million New southern quay wall (2031-2036): ALK and/or third parties – €5 million New floating piers (2031-2036): ALK and/or third parties – €3 million Port Modernisation (€205 million) This 20-year project focuses on upgrading commercial and passenger operations. Initial steps will replace port equipment to improve environmental standards and service levels. Phased maintenance will ensure port activities are not disrupted. Demolishing existing warehouses will clear space for a new Passenger Terminal that connects pedestrians directly to the marina and the town. The long-term infrastructure schedule includes: Infrastructure maintenance & equipment upgrades (2027-2028): ALK – €11 million Network upgrades & building maintenance (2028-2029): ALK – €4 million Warehouse demolitions (2029-2031): ALK – €1 million New Administration & Passenger buildings (2031-2036): ALK – €15 million Building demolitions (2031-2036): ALK – €2 million New south-western quay wall (2036-2041): ALK – €50 million New north-western quay wall (2036-2041): ALK and/or third parties – €25 million New leeward breakwater & new basin (2036-2041): ALK and/or third parties – €35 million Extension of southern quay & breakwater (2041-2045): ALK – €50 million Subscribe to our Newsletter Latest News Cyprus faces losing millions in Recovery Fund grants as MPs challenge rushed business development bank law Cyprus domestic abuse victims trigger silent SOS app 27 times to summon emergency police patrols Cyprus anti-drug squad smashes international smuggling ring and arrests 21 suspects Inland temperatures will hit 39 degrees Celsius today as early low cloud and thin fog clear across the island Animal Rescue Cyprus down to 11 volunteers for 1,350 animals, appeals for help Journalists’ union slams Bases judge over conduct toward reporters Colonial-style threats against journalists by a judge Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.