Ayia Napa Marina Construction Update VIDEO
- Business & Finance
Ayia Napa Marina has just released the latest construction progress update for this unique development project in Cyprus.
The €86 million worth phase one of the Ayia Napa Marina development project was awarded to TERNA S.A., 100% subsidiary of GEK TERNA Group.
The same company was also awarded a €164 million contract for the 2nd phase of the project under which two 27 and 28 floor towers will be built, a complex of 29 villas, as well as other commercial buildings.
Overall, the project includes construction of the new marina with a 600 berth capacity, all marine works, infrastructure and building facilities.
At the moment, the breakwater that will protect the future marina is complete.
In the next couple of months, the crews working under the project will complete the marine works which included removal of over 400,000m³ of dredged material from the marina basin.
The 2nd phase of the project is expected to be completed by mid-2020, while the 1st will be handed over by the summer of 2019, as planned.