The government accused Kition of having refused to pay a requisite financial guarantee for the project’s operation and maintenance. The overall project contract was worth €1.2 billion .

This follows the collapse of an agreement with the private company Kition Ocean Holdings, which had initially secured the project. “The situation is not easy,” he admitted, “but we are ...

For the Larnaca port – the running of which reverted to the CPA after the government terminated the concession deal with Kition – the CPA is currently proceeding with the asphalting of some roads.