Cyprus Mail
Business

Constant delays to Yeroskipou project

Hungarian business mogul Sandor Kenyeres

By Constantinos Psillides

THE €7 BILLION leisure project proposed for Yeroskipou is being constantly delayed, as changes required by the authorities have forced architects to amend the project’s plan repeatedly, according to CyBC radio.

Archibishop Chrysostomos, who will provide the land for the development, met with both Interior Minister Socratis Hasikos and Agriculture Minister Nicos Kouyialis on Monday, to discuss ways of speeding up the process.

Building permits for the project were supposed to be issued back in April.

The project is headed by Hungarian business mogul Sandor Kenyeres.

The project includes the construction of an artificial island opposite Yeroskipou beach – connected to the mainland by bridge – along with a 350 boat marina. It will also include three five-star hotels, an art academy, an aquarium, apartment complexes and other buildings.

Yeroskipou mayor Michael Pavlides, speaking to the Cyprus Mail back in February, said that during the construction period around 6,000 jobs will be created and when the project is finished it will employ close to 10,000.

When the last permit is issued by the authorities, Pavlides estimated that it would take four years to complete.

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