MPs dubious over ports authority’s financing for Larnaca

Lawmakers were skeptical on Monday when the Cyprus Ports Authority (CPA) requested an extra €8.4 million to run the port in Larnaca after the contract with a private company – Kition Ocean Holdings – was terminated.

The CPA is asking for €8.4 million as a supplementary budget, after it took over management of the port and marina in Larnaca.

MPs heard the CPA would run the port as “a temporary arrangement” until the future of the project to develop the port and marine becomes clear.