construction contract dispute

Larnaca Port and Marina Project Faces Delays Amid Contract Dispute

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.