In the air the marina of Ayia Napa

The tormented investment of the Ayia Napa marina that went through a thousand waves is in danger of being shaken in the air again. Just a few days before the signatures fall to the Ministry of Communications (15/3), one of the companies participating in the consortium is seriously considering leaving as it is worried about participating in such a large investment during such a period…

If this is the case then maybe things are going to get trickier, but this does not necessarily mean that the process will collapse.

The ministry has already been informed of any developments and is examining the legal aspect of the matter to see if a solution can be found without the process collapsing.

However, the company that wants to leave will clarify its position on Wednesday as there is still some possibility to change its decision. In the event that this is not possible, another company participating in the consortium may be excluded from following it.

In case of departure of one or two companies, the best solution would be to leave giving consent to the remaining members of the consortium to proceed with the investment on their own. But if there is no agreement and one or some of the members leave with demands from the other members of the consortium, then there may be a significant obstacle that can even lead to the collapse of the process.

We remind you that the project is estimated to cost around 260cm. euros while the companies of the consortium are:
1. Atlas Pantou Ltd
2. C&A Toumazis Ltd
3. G. Caramondanis Investments Ltd
4. Fama Marina Ltd

Source sigmalive.com