The new Eleftheria Square could be ready in 18 months from the moment construction work started, Nicosia Mayor Constantinos Yiorkadjis said on Tuesday.
The plan was to have the square ready in the second half of 2012 but construction has been abandoned after repeated delays drove building costs up and led to a legal dispute between the contractor and the municipality.
The municipality has since invited bids twice in the hope of finishing the project and has now entered the final stretch of selecting a contractor.
Four companies have been short-listed and Nicosia residents hope the current eyesore in the middle of the capital will be a thing of the past soon.
“Provided it starts, I reckon a year-and-a-half,” the mayor said when asked when he expected the project to finish.
Yiorkadjis was speaking after a meeting with EDEK chairman Yiannakis Omirou whom he briefed about plans to revamp the town’s commercial triangle — Makarios Avenue, Stasikratous, and Evagorou Streets.
The mayor said previously that rejuvenating this area was a priority.
He said the aim was to complete the project between 2014 and 2020 with the use of EU funds.