Doesn't look much like a marina to me
The funding and the awarding of the contract still seem to be the subject of an going dispute?
The developers don't have the money to develop it and I presume they were unable to raise sufficient independent finance to back the project, so last I heard the Bank of Cyprus has said it would fund the
whole development (which is not really the sort of risk a bank up to it's eyeballs in NPLs really wants to be taking on, especially when the developers are amongst it's biggest current non performers) The winning bidders were expected to put up about 50% of the necessary cash, not zilch
http://cyprus-mail.com/2017/03/07/worri ... es-delays/Paphos needs a marina that will enhance tourism for the whole area- that is marina that attracts more tourist numbers to Cyprus (presumably by cruise ships), not one that takes existing tourists away from existing facilities in Paphos . From what I have seen of the plans it looks more like some sort of Dubai type floating village, presumably designed to sell houses to wealthy foreign buyers.
Whilst that might make the sellers of these houses a lot of money (Chinese buyers paying a million for a passport spring to mind) it is not really what Paphos needs a marina to do for the wider local economy.