The government is prepared to take drastic measures if Kition Ocean Holdings does not deliver the equipment for Larnaca Port. One month after the termination of the contract, the equipment has not been delivered, resulting in a 30% reduction in port productivity.

The Ministry of Transport is determined to pursue legal action to claim compensation for the reduced productivity at Larnaca Port if a resolution is not reached. Antonis Koutsoulis, the ministry's general director, is acting as a mediator to find a solution.

The equipment, including vehicles, cranes, and weighing machines, belongs to Kition Ocean Holdings. However, it should have been handed over to the state within 30 days of the contract termination at no cost, which has not happened.

Minister of Transport Alexis Vafeadis told Brief, "Priority will be given to the two cranes and two weighing machines to bring the port to full operation. Subsequently, we will focus on the remaining equipment. Currently, Larnaca Port is operating at 30% of its productivity."

Mr. Vafeadis also mentioned that the Cyprus Ports Authority continues to engage with private contractors to ensure the port's operations run smoothly.

In another development, the ministry is considering two proposals for Larnaca Port. The first involves a unified redevelopment of the port and marina through an investor, while the second, which includes multiple scenarios, involves the project's segmentation.

The project's segmentation also includes the costed proposal from the ad hoc committee created by Larnaca's local stakeholders.