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

Coronavirus: 152 cases announced on Sunday (Updated)

Staff Reporter

Coronavirus: financial ombudsman’s office closed for two days after case found

Andria Kades

Cypra employee investigation not hushed up, police tells Perdikis

Andria Kades

Remand for man who uploaded child porn video on social media

Andria Kades

UN envoy Lute expected in Cyprus on Sunday evening

Andria Kades

Coronavirus: Lots of fines, decrees but can you appeal?

Elias Hazou

29 comments

Comments are closed.