Five proposals of interest from various joint ventures have been submitted to develop Larnaca port and the town`s marina.

According to an official press release, the proposals will be evaluated, both with regard to the financial as well as the technical criteria, by a group of technocrats and the Ministry of Transport, Communications and Works. The evaluation will begin immediately.

The assessment is expected to be completed by the end of April. The stakeholders who will be selected will receive an Invitation to Tender and a draft of the Concession Agreement.

In Autumn the proposals of interest of financial operators, who will have been selected, are expected to be submitted for evaluation, in order to allow the concession contract with the successful economic operator.