Larnaca airport [file photo]
After years of planning and preparation, the expansion of Larnaca and Paphos airports is officially under way. Hermes Airports announced last Friday it has completed the financing for the second phase of the airport upgrades, marking a significant step forward for the project.
With financing now secured, the company has signed agreements with the banks backing the venture and with Bouygues Batiment International SAS and Iacovou Brothers (Constructions) Ltd, the joint venture selected to handle the construction work. This follows the initial agreement signed with the government back in December 2024, which laid the groundwork for the ambitious expansion plans.
The expansion will take place in two stages at both airports, with Larnaca set to see the works completed in 30 months and Paphos in 27 months. The project promises to increase passenger capacity and significantly improve the overall travel experience.
When all is completed, Larnaca Airport will be able to handle 12.4 million passengers per year, while Paphos will be able to accommodate 5 million. This expansion is expected to help Cyprus keep up with growing passenger demand in the decades to come.