The government of Cyprus has signed an agreement with an Israeli consortium for the development of the Larnaka port and marina of an overall value of €1 billion, CNA reports.
The deal was announced on Thursday by Transport, Communications and Works Minister Yiannis Karousos, a Larnaka Municipality press release says.
Karousos spoke of a “historic day” since the project will be beneficial not only for Larnaka but for the country as a whole.
