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contract dispute

economic contract dispute

Larnaca Port and Marina: Decision Looms Amidst Contract Dispute

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The Larnaca port and marina redevelopment is in jeopardy amid a contract dispute with Kition Ocean Holdings, risking a €1.2 billion project crucial for the region’s economy. The government is considering terminating the contract due to inactivity and failure to renew necessary guarantees, sparking fears of economic and social repercussions.

construction contract dispute

Larnaca Port and Marina Project Faces Delays Amid Contract Dispute

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The Larnaca Port and Marina Project faces delays as a result of a contractual dispute between Kition Ocean Holdings and the Cypriot government over financial guarantees, prompting legal actions and involvement from the president to seek resolution. The House audit committee is scrutinizing the contract details in hopes of resolving the impasse and ensuring the timely completion of the project, vital for the economic growth and infrastructure development of Larnaca.

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