The contract for building and operating the Paralimni marina has been awarded to PMV Maritime Holdings Ltd.
The decision awarding the tender was announced on Thursday by the Marinas Management Committee.
According to the announcement, the company had put in a bid for the tender that was called on June 16, 2015 by which public space was being ceded for developing a marina at Paralimni.
The marina is to be built at the fishing reserve of Ayios Nicolaos. It will have around 300 berthing slots and also feature residential and commercial developments.