Following an open tender procedure, a Concession Agreement has been signed between the Republic of Cyprus and Kition Ocean Holding Ltd, regarding the latter’s management of the Larnaca Port and Marina as of April 1, 2022. 

As mentioned in a statement of the Ministry of Defence, in the framework of the above agreement, the Ministry of Defence proceeded to the signing of an agreement with the contractor company, regarding the mooring of Cypriot warships and that of third-country warships, which will act for the benefit of the Republic of Cyprus at no cost.

The agreement is important because it ensures the smooth and priority mooring of the warships of the Republic of Cyprus and friendly countries. 

On behalf of the Ministry of Defence, the agreement was signed by the General Manager of the Ministry, Andreas Loukas, while on behalf of Kition Ocean Holdings the agreement was signed by Mr. Nikos Savva and Mr. Costas Christofidis. The signing of the agreement took place in the presence of the General Director of the Ministry of Transport, Communications and Project Manager and CEO of the company, Panagiotis Alexandrou. 

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