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Cyprus

President announces projects worth €125mln for Limassol (updated)

President Anastasiades with Limassol Mayor Andreas Christou (L)

Following similar announcements in Paphos and Nicosia, President Nicos Anastasiades on Friday announced projects worth almost €125mln for his hometown, Limassol.

The projects, expected to start this year or the next, include a football stadium, extensive road works across the coastal city, sewerage treatment plants, and schools.

“It is the first effort, at a time of austerity, to rejuvenate the economy, beyond the expected investment from overseas,” Anastasiades said during a meeting in Limassol.

The projects include a new football stadium worth around €20mln, schools that will cost some €14mln, a sewage treatment plant with a €37mln price tag, and a sewerage system in Pareklishia worth €14mln.

The president’s announcement follows similar pledges for projects worth €174mln in Nicosia, and €60mln in Paphos.

Anastasiades said he wished he could have made the announcements in Limassol and other cities earlier, but the developments in the economy that followed his coming to power did not permit him to announce projects that the government would not be able to deliver.

But in the two years that followed the island’s bailout in March 2013, Cyprus has managed to enter a path of recovery, though problems still existed, the president said.

As a result of its economic policy, the government has managed to make savings that enabled it to announce projects that “would improve quality of life through infrastructure, which will help and rejuvenate the economy.”

During his term, Limassol has seen the completion of projects worth €47.5mln, Anastasiades said, while others costing some €134mln were currently underway.

These include upgrading the port, waste management, and linking suburban areas with the Episkopi desalination unit.

Of the new projects, Anastasiades said they were ready to go to tenders but there was a problem as a number of large construction companies were under investigation in connection with various offenses.

“I have instructed the justice minister to prepare legislation to resolve the matter in a way that those who are convicted would be excluded,” Anastasiades said.

But they cannot be excluded when they are asked by the authorities to provide evidence against public officials.

Also, he said, supervisors and local authorities should carry out strict checks to ensure the specifications of the tender were met to prevent appeals that lead to delays.

 

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