Larnaca Offshore Terminal (Port)

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Port workers strike over Larnaca delays

PORT workers protested against the continuous extensions the government is giving the Zenon consortium over the Larnaca port and marina project with a three-hour walkout yesterday morning. The consortium, consisting of the Paraskevaides Group, Iacovou Bros, Petrolina and Vouros, had signed an agreement with the government in 2012 for the development of the Larnaca port and marina worth a reported €700m. Under the deal, the consortium was supposed to secure funding for the project within six months from its signing but due to the economic meltdown local banks pulled out. Since late 2012, when the contract was concluded, the government has granted Zenon eight extensions, the last one expiring on February 15. http://cyprus-mail.com/2015/01/29/port-workers-strike-over-larnaca-delays/