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Wednesday, May 22, 2024

The unified development of Larnaca is up in the air: Kition did not renew the bank guarantee

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 Στον αΕρα η εν&iota ;αλα αναπτυξη Λαρνακας: Δεν ανανεω σε την τραπεζικor εγγyηση η Kition

The stagnation observed in the port-marina issue will be discussed in the competent parliamentary committee on the 18th of the month, while next Thursday (11/4) it will also occupy the full session of the municipal council

In very serious complaints, that the consortium Kition Ocean Holdings did not renew the bank guarantee he had submitted with the signing of the concession contract for the port and marina of Larnaca, the Minister of Transport, Communications and Works said yesterday. Alexis Vafeadis said that the ten million euro bank guarantee expired on January 31, 2024, but Kition refuses to renew it. This fact increases the doubts and concerns surrounding the prospects of the implementation of the project of the unified development of the port and marina of Larnaca.
Mr. Vafeadis was asked to respond to the investor's attempt to blame…

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Source: politis.com.cy

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