Cyprus Mail
Cyprus

Britain to return Zygi land for €8.6m

The government will seek to offer the land to oil and gas services companies

BRITAIN will be returning land to the Republic of Cyprus that it holds in Zygi for €8.6m, it emerged on Friday.

The deal is set to be signed on December 1 after an agreement was struck between the Foreign ministry in Nicosia and the Foreign and Commonwealth Office in London.

The land in question is on the Zygi – Vasilikos border.

Negotiations, which also had the input of Cyprus’ legal service, lasted around six months, according to daily Phileleftheros.

The initial price for transferring the land was originally set at €10m, but the final amount Cyprus is set to pay to Britain has been agreed at €8.6m, the transport ministry confirmed.

According to the report, plans are in place to call for tenders for hydrocarbons related companies to submit interest to store equipment for drillings.

Related posts

Director Panikos Chrysanthou and poet Nese Yasin awarded European Citizen’s prize

Source: Cyprus News Agency

Final touches being put to gender identity bill, Cyprus lagging behind other CoE states

Anna Savva

Cyprus to report grant of land near Apostolos Andreas to Turkish army

Coronavirus: no new deaths, 142 people test positive on Friday (Updated)

Staff Reporter

Three men jailed for five years for robbery and kidnapping

Antigoni Pitta

‘Viral’ Big Potato garners attention at home and abroad

Antigoni Pitta

29 comments

Comments are closed.