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Success with Paralimni Marina Cyprus

Marina Projects Ltd is delighted to announce that the Concession Agreement for the development of Paralimni Marina was signed yesterday by the Minister of Energy, Commerce, Industry and Tourism Mr George Lakkotrypis and PMV Maritime Holdings Ltd at a ceremony held at the Paralimni Municipality in the Famagusta District, Cyprus.

Paralimni Marina will be developed by PMV Maritime Holdings in association with Marina Projects who have 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 Marina Projects 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, Yacht Club and visitor facilities together with a 300 berth marina for vessels up to 25m length. Due to be fully operational in 2021, Paralimni Marina will be the first dedicated leisure marina to be located on the attractive Protaras coastline and will benefit and support the growth of nautical tourism in the region.

Geoff Phillips, Executive Chairman of Marina Projects Ltd said

“I am delighted that the Concession Agreement was signed yesterday by the Minister and we look forward to working closely with PMV Maritime Holdings on this exciting project.”

Geoff Phillips, Executive Chairman of Marina Projects at the Paralimni Concession Agreement signing