Larnaca’s port and marina could enter a new phase of development under a €415 million long-term proposal unveiled by the Cyprus Ports Authority (CPA), which aims to transform the city’s waterfront into an integrated coastal district through a mix of public investment, municipal participation and private-sector partnerships.
The proposed roadmap, valued at €415 million, plus or minus 50%, would be implemented over 20 years and seeks to unlock two state-owned assets that have remained largely underutilised following three unsuccessful attempts to attract private investors.
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Beyond upgrading the port and marina, the plan includes the redevelopment of around 85,000 square metres of land and the integration of Finikoudes with the former refinery area into a continuous waterfront featuring public spaces, pedestrian routes, cycling paths, squares and leisure facilities.
A Single Master Plan For An Integrated Coastal District
The CPA would retain ownership of the assets while inviting private investment through partnership agreements. Development would follow a single master plan built around three priorities:
- redevelopment of the marina’s surrounding land;
- expansion and upgrade of the marina;
- modernization and long-term development of the commercial port.
The roadmap covers the period from 2027 to 2045 and begins with the preparation of a master plan, sustainability studies and consultations with local stakeholders. An architectural competition and Concept Master Plan would then establish the overall framework for the project.
The authority noted that all cost estimates remain indicative and could vary by as much as 50% until the master plan is completed.
Land Development Marks The First Phase
The redevelopment of land surrounding the marina and port represents the largest visible transformation for residents and visitors. Budgeted at approximately €190 million, the programme covers both the existing marina site and neighbouring land extending towards the port.
Early works would focus on improving public spaces, relocating the existing shipyards, upgrading road infrastructure and creating new parking facilities. Later phases envisage hotels, office buildings, restaurants, exhibition venues, sports facilities, cultural projects and other commercial developments delivered largely through concession agreements with private investors.
Marina Expansion Focuses On Capacity
The marina component carries an estimated budget of €20 million and is designed to increase capacity by 150 to 200 berths under the Growth Fund’s Scenario 2 proposal.
The programme includes maintenance of existing infrastructure, construction of a new services building, expansion of the breakwater, a new southern quay wall and additional floating docks.
Port Modernization Forms The Largest Investment
At an estimated €205 million, the port redevelopment accounts for almost half of the overall programme.
Initial investment would focus on upgrading equipment, infrastructure networks and existing facilities while maintaining uninterrupted operations. Later phases include new passenger and administrative buildings, demolition of obsolete warehouses, construction of new quay walls, expansion of commercial berths and the creation of a new harbour basin capable of accommodating both cargo and passenger vessels.
A Long-Term Vision For Larnaca
If approved, the proposal would reshape one of Cyprus’ most strategically important coastal areas over the next two decades.
By combining transport infrastructure, commercial development and public spaces under a single master plan, the CPA aims to transform Larnaca’s port and marina into an integrated waterfront district capable of supporting tourism, investment, business activity and urban regeneration.
