news | 22 December 2014

Α milestone for growth

J&P has completed the construction of the first-phase of the largest energy infrastructure project in Cyprus.

The oil-storage facilities and jetty constitute a complex project of significant challenges which contributes towards the economic growth of Cyprus.

• 28 tanks of 544.000 m3 total storage capacity.
• Total foreign direct investment of €300 million.
• 800 new jobs were created during the project.
• Service capability of more than 500 vessels per year.
• 1.5 km jetty - the largest in Europe.

The building contractor of the holding company VTT Vasiliko Ltd (VTTV) is the joint-venture of J&P and J&P (O) - Vasiliko Oil Tank companies. With J&P’s global expertise, specialization and experience, the joint-venture mainly trusted Cypriot building subcontractors.

This particular project has become a milestone for growth and development in Cyprus. J&P has capitalised on its expertise towards this goal.

        

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