The ministry of transport has announced plans for a significant expansion of Vasiliko port. This project aims to establish a new industrial port under the management of the Cyprus ports authority (CPA).
On January 21, 2025, the CPA submitted a proposal for European Union co-funding through the “connecting Europe facility” (CEF) programme. This initiative supports projects related to the trans-European transport network infrastructure.
The proposed expansion includes the construction of nine new berths, totalling 2,355 metres in length, breakwaters, a deepened approach channel, and enhanced land use around the port. Upon completion, the port is expected to handle up to 1,772 ships annually. The total cost of the project is estimated at €350 million.
The development will proceed in phases. For phase A, with a budget of €85 million, Cyprus has requested €38.5 million in co-funding from the CEF.
A feasibility study highlighted the necessity of this expansion, aligning with EU green energy standards. The project is anticipated to significantly benefit the republic of Cyprus, leveraging Vasiliko port’s strategic location for economic growth and sustainable development.
