The Zenon Consortium has been declared as the preferred bidder for the DBFO (Design-Build-Finance-Operate) project for the development and expansion of Larnaca marina. According to an official press release issued by the Cyprus Ministry of Communication and Works, the project is the most important infrastructural work in Larnaca after the new airport and would set Laranca apart as a tourist destination in its own right.

The project, which will link the marina with the port, is designed to turn Larnaca into the main passenger hub of Cyprus with the possibility of catering for large cruise ships. The marina itself will be able to facilitate some 800 yachts. Larnaca Marina currently only has space for 200. Along with the project, the Phinikoudes sea-front area will be extended as far as the marina with upgrading of the pedestrian area. Other pending marina projects include Limassol, which will have 1,000 berths, Paphos 1,000, Ayia Napa 650 and Paralimni 250-300.

The Zenon Consortium comprises French firm Bouygues Batiment International, along with Greek Cypriot firm Iacovou Brothers, and Amsterdam Logistics Group BV, Lievense Consulting Engineers, Louis Public Company Ltd, Petrolina (Holdings) Public Ltd, Marinaman Ltd, Costa Crociere SPA, K&G med Marinas Management and General Construction Company Ltd. 

According to the official press release issued by the Cyprus Ministry of Communication and Works, upon expiry of the time periods stipulated by the relevant legislation for the submission of objections to the decision for the grant of tender, the Administrative Committee appointed by the Council of Ministers shall commence negotiations with the preferred bidder towards the commercial and financial closing of the deal as soon as practicable.

The other two consortiums that bid for the Larnaca project, namely Vouros Investments Ltd and DJ Karapatakis & Sons Ltd, have already declared the intention to dispute the decision before the Tenders Review Commission.