Tuesday, March 3, 2009

Car Bomb around Larnaka Port!

On Friday night in a location near to the Larnaka port a Car explosion took place.

We understand from the Police, a home-made type explosive device was placed under a pick-up truck that was parked outside a nightclub, near the port. 

A Larnaka spokesman for the Police Christos Andreou said that the car, which actually belonged to an official of a semi-governmental organisation received extensive damage. 

The scene of the incident was sealed off by the Police to determine what kind of explosive device was used. 

The owner of the car it is understood advised the Police that he did not suspect anyone specifically and has no particular differences of note with anyone.

Wednesday, February 11, 2009

Decision from Add hoc committee expected 15th of February 09

It seems that the Larnaka Port and Marina tender process has yet to face more twists and turns in what appears to be a never ending series of delays.

Since the last update the Review Board concluded that the complaint from the Vouros Investment Group concerning aspects of the financial package had merit. Subsequently they instructed the principle Tender Board to arrange a specialised re-evaluatiuon of the second element of the financial part of the tender, which was effectively the swing 5%, which awarded the Zenon Group as the winning Bidder.

The main elements of the original tender were..

  • Concept (incl. design)
  • Financial
  • Marine
  • Legal

It is only the financial aspect now in question and following the recommendations of the Review Board an Add Hoc committee will be set up with the appropriate balanced expert optinion to review the previously mentioned financial portion of the tender.

A decision is expected from the Add Hoc committee, which will be submitted to the Tender Board on the 15th of February 09. 

Tuesday, February 10, 2009

Bouygues International President visits Cyprus

It has come to our attention that the President of Bouygues International, member of the Zenon Group visited Cyprus recently. We understand that he arrived by Private Jet and actually christened the new Larnaka Airport (still under construction by Bouygues International and due for delivery in November 2009).

It appears that his presence was to make a site inspection of the Larnaka airport and attend a meeting with President Christofias of the Republic of Cyprus, the agenda for which few people know for sure.

With construction of the new international airport of Larnaka finishing in Novermber 2009, it would be an ideal scenario for Bouygues International and the Zenon Group as a whole to move the construction site to the port. 

Meanwhile the tender process drags on, as we wait for an outcome. Regardless of who wins Larnaka and Cyprus need a quality Cruise port to develop this fast growing sector of the Tourism Industry.

Thursday, January 1, 2009

About this Blog

This Blog was designed to track the progress and development of the private complex tender process concerning the Larnaka Cruise port & Marina project.

All information has been compiled by the Progress Cyprus Media Team as a public service. The accuracy of all such information cannot be guaranteed 100% due to the complexity and privacy of the project.

Tuesday, November 4, 2008

Review Board take their time!

The decision to announce the Zenon Group as the preferred bidder to privatise the port and Marina of Larnaka is still being reviewed by a special "Review Board" after complaints and counter claims by the other 2 Consortiums.

It now appears that the whole process including all 3 tenders is under close analysis at present, which suggest that in theory at least its wide-open again as to which of the 3 Consortiums could win the bid.

The controlling powers of the "Review Board" do not extend much beyond the month of November 2008, subsequently a decision can be expected soon, which for all intense and purposes should be final.

Saturday, November 1, 2008

Review Board decision still pending

Following the announcement of the preferred bidder and the subsequent appeal from the two remaining Consortium's, a review board was set-up to study the 3 comprehensive tender proposals.

It appears that the tender board is taking their time and the process is once again wide open.

A decision is expected before the middle of November.

Friday, July 18, 2008

Zenon Consortium is preferred bidder for Larnaka cruise port development deal

The massive development project to transform the Cypriot port of Larnaka into the eastern Mediterranean’s leading cruise ship hub has taken a significant step forward with the Government’s Ministry of Communications and Works awarding the €1bn first phase preferred bidder contract to the Zenon Consortium, which includes the two leading cruise lines Costa and Louis.

Zenon beat off intense competition from two other international consortia to secure this DBFO (Design – Build –Finance – Operate) contract for the new cruise/tourism project, which will take Larnaka forward into a new era, managing and operating the new cruise facility for the next 35 years.

Louis plc has a 22 per cent share in the consortium, with Costa Cruises holding 10 per cent. Other partners in the Zenon Consortium include French construction company Bouygues Batiments International, Holland’s Amsterdam Logistics Group BV and Lievense Consulting Engineering, and the Cypriot companies Iacovou Brothers (construction), Petrolina (Holdings) Public Ltd (fuel oil) and Marinaman Ltd (marina specialist). Lievense Consulting Engineering will prepare a port master plan for the new cruise facility, marine and Superyacht port.

Coupled with the construction of a new airport just 10 minutes from Larnaka port, the most advanced in the region, the project will firmly place Larnaka at the forefront of cruise tourism.

Running in parallel with the cruise port project is the building of a new marina, five start hotels, leisure and retail development, all linked via a promenade to ‘down town’ Larnaka and its beaches. Construction work is expected to start at the end of 2009 and the ambitious project is expected to be completed by 2016. Phase One of the project, the new cruise port and marina, is costing €1bn. However, the final bill for all areas is expected to be around €3bn.

Commenting of Larnaka’s ambitious expansion plans, Grant Holmes, CEO of leading cruise industry marketing and training specialists Progress Cyprus Tourism & Business Services (or Progress International) said: ‘Larnaka possesses the ideal conditions to become a home port serving the Eastern Mediterranean, Greek Islands, Black Sea and the Holy Land, with particular attraction to British, German and Cypriot cruise lines. The home port advantages of Larnaka are: close proximity to the most advanced airport in the Eastern Mediterranean; walking distance from the port to the town centre; proactive cultural events organised by the Larnaka Municipality and an excellent strategic location.’

Larnaka port can currently accommodate cruise ships up to 290m at its South Quay with an alongside depth of 11.4m, with smaller vessel using the North Quay which is close to the port’s existing passenger terminal. The critical factor today in accepting larger cruise ships is the ship’s manoeuvrability. The port’s inner turning circle is for 300m vessels, but the new project expects to increase this to 500m.

Thursday, April 10, 2008

The 3 Consortiums

For clarity to all interested parties, please see below a breakdown of the 3 Consortiums currently in the tender race for the Larnaka cruise port and Marina.

Consortium A
Led by Cypriot based A Vouros Investment and its partners include Singapore CruiseCentre Pte, DP Architects, Joannou & Parakevaides and J&P Avax SA.

Consortium B
Named the Larnaka-Zenon Consortium and its partners include French construction company Bouygues Batiments International, Iacovou Brothers, Amsterdam Logistics Group BV, Lievense Consulting Engineering, Louis Private, Petrolina (Holdings) Public and Marinaman. This consortium also features Costa Crociere, Europe's largest Cruise Line.

Consortium C

Spearheaded by Cypriot based DJK Group and includes Camper & Nicholsons Marinas, Parsons Brickenhoff, Odell International LLC, Viset Malta, Economic Research Associates, WATG, DEPFA Bank, Colliers CRE and McGuireWoods LLP. This Consortium is also supported by RCCL.

by Grant Holmes

Monday, February 11, 2008

Vouros Consortium

Led by Cypriot based A Vouros Investment and its partners include Singapore CruiseCentre Pte, DP Architects, Joannou & Parakevaides and J&P Avax SA.

Zenon Consortium

Named the Larnaka-Zenon Consortium and its partners include French construction company Bouygues Batiments International, Iacovou Brothers, Amsterdam Logistics Group BV, Lievense Consulting Engineering, Louis Private, Petrolina (Holdings) Public and Marinaman. This consortium also features Costa Crociere, Europe's largest Cruise Line.