THE NEW DEVELOPMENT ALONG LARNACA’S FORMER REFINERY WATERFRONT
A €1 BILLION INVESTMENT
Larnaca’s new waterfront transformation project is soon to take shape with the development starting soon. The total investment for this monumental project will exceed €1 billion and will mark a significant transformation of the area. Once dominated by oil tanks, work on Larnaca’s former refinery waterfront is set to begin this year. Work will commence as soon as the immediate area needed for phase one is cleared.Â
PHASE ONE
Phase one of the ‘Land of Tomorrow’ project will cover 32,000 square metres. This phase will include the construction of two 15-storey buildings, creating up to 200 new modern apartments for the area. Expected to be completed by 2029, this phase makes up only part of the larger 400,000-square-metre project. The whole project, on completion, will include retail spaces, commercial streets, restaurants, bars, a five-star luxury hotel, a modern conference centre, private offices with co-working spaces, and several event venues. The project will also feature approximately 20,000 trees across the whole site.
DISMANTLING & CLEARING
Preparatory work is already underway with the large LPG sphere currently being dismantled. The next step involves demolishing the gas cylinder repair and maintenance factory, which occupies about 5,000 square metres. Environmental authorities have approved the demolition, which will involve removing concrete, metals, and debris. Measures to manage environmental impacts such as noise, dust, and waste during the demolition process are in place.
