Tepak’s new student dormitories project is a €56 million investment that will introduce 154 rooms by 2026, enhancing academic and social experiences for students with multipurpose halls, amphitheaters, and a sustainable campus environment, reflecting the university’s growth and commitment to higher education.
Summary: The development of Larnaca Port and Marina is stalled due to a lack of a necessary financial guarantee from contractor Kition Ocean Holdings. The €10 million guarantee required has only seen €4.2 million submitted, leading to legal disputes and halting progress on the project.
Cyprus is embarking on €8 billion worth of ambitious development projects to boost the economy and create 8,0009,000 jobs. The plans include new marinas, golf courses, technology parks, tourist complexes, and medical centers, aiming to enhance market potential and attract foreign investment.
Excitement is brewing as Apoel Football Club prepares to unveil plans for their new stadium on March 29 in Kokkinotrimithia. This stateoftheart sports complex, designed by a French architect and funded by Constantinos Iordanous, promises to be a beacon of modernity and growth for both the club and the local community.
Larnaca Mayor Andreas Vyras has declared his candidacy for reelection, focusing on continuity and further progress for the city. The election is set for June 9, with Vyras highlighting his past achievements in transforming Larnaca and his vision for inclusive growth and environmental sustainability.
Doubts have been raised over the development of Larnaca Port amidst concerns of delays and uncertainty surrounding Kition Ocean Holdings. Despite promises, construction has yet to begin, with the original start date of April 2023 now pushed to a tentative June 2024, prompting calls for transparency and urgency from local officials and stakeholders.
Aksa, a Turkish energy company, is accused of profiteering in Cyprus, with profits claimed to be around $1 billion since 2000. Controversial contracts with KibTek, the north’s electricity authority, are criticized for prioritizing Aksa’s interests over local needs and potentially netting Aksa an additional €1.26bn by 2038, sparking public outrage and calls for governmental action.
The controversy surrounding development projects in the Akamas region has escalated as environmental advocates criticize the agriculture ministry for mismanaging construction, resulting in noncompliant buildings. Newly constructed roads may violate the approved development plan, leading to a pause in construction activities and a thorough review by appointed experts to ensure future developments align with ecological standards.
