ATHENS – TERNA S.A., an 100 pct subsidiary of GEK TERNA Group, on Tuesday announced the successful completion and delivery of all construction works in the first phase of the luxury development of “Ayia Napa Marina” in Cyprus.

In an announcement, TERNA said the project, with a total budget of 250 million euros, ia comprised of two phases that have both been awarded to TERNA. The first phase of the project, which was recently completed, includes all marine and infrastructure works, building facilities, internal roadworks and MEP installations. The project’s budget is approximately 80 million. It is noted that the technical company Christoforos D. Konstantinidis S.A. participated in the construction of the first phase as the main and recognised subcontractor of marine projects. More specifically, the marina with a 600-berth capacity, has depths from 4.0 up to 6.5 meters and can accommodate yachts up to 65 meters in length, while a four-level dry stack storage facility is available for boats up to 10 meters long. The unique aspect of the marina is the finger style berthing for yachts of 30 meters or less while floating docks guarantee comfortable access in all conditions. It is reminded that the ongoing second phase, which has also been awarded to TERNA, includes the construction of two towers (high rise), a complex of villas and commercial buildings. More specifically, the two 27 and 28 storeys towers will exceed 115 meters high, totaling 28,000 m2 and 30,000 m2 respectively and will contain luxury apartments. Furthermore, 29 villas shall be constructed totaling a 16,500 m2 area. The commercial buildings, to be located in the heart of the marina, shall consist of a mixed area of retail, food and beverage shops, an event centre and a three-storey above ground parking area, totaling more than 8,000 m2 .