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Redevelopment of Larnaca Port and Marina Area, Cyprus

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SALFO & Associates in partnership with Ernst & Young (EY) Business Advisory Solutions S.A. and EY Cyprus, were appointed by the Ministry for the provision of Advisory Services to the Government, aimed at the successful completion of the process for the Redevelopment of Larnaca Port and Marina Area.

 

The Adviser’s scope includes the assessment of strategic and financial interest and objectives for the Cyprus Government in the context of the transaction, and the development of the business case based on the government's policy decisions, the development of the cruise market, the competitive dynamics of cruise ports, the plans of the Cyprus Tourism Organization, the Government and Cyprus Port Authority.

 

The Adviser shall conduct market sounding and shall identify global sector trends, as well as due diligence reports and risk assessment.   Upon selection of the preferred development option and preparation of the feasibility study, the Adviser shall conduct investor marketing and roadshows, shall provide input for the development of the tender documents and contract, shall evaluate the submitted proposals, shall participate in contract negotiation and shall provide guidelines to the Government for monitoring of the selected investor’s performance.