Cyprus Mail
Cyprus

Cabinet approves €112m loan agreement with EIB for roads project

ΠτΔ – Υπουργικό Συμβούλιο // Por – C
File photos

The cabinet on Thursday approved a €112m loan agreement with the European Investment Bank to fund the National Roads Project.

According to deputy government spokesman Panayiotis Sentonas said the roads project is expected to cost €224.4m. It includes construction or upgrading of four highways as well as the traffic camera system, which is expected to be rolled out later in 2021 after years of delays.

Sentonas said the project involves construction of Nicosia’s south circular road, the road from Limassol to Saittas, the Paphos to Polis road, and the road network of the Vasilikos energy centre.

Follow the Cyprus Mail on Google News

Related Posts

Government employment increases by 5.2 per cent in January

Souzana Psara

Three arrested in north for selling Repubilc’s scratch cards

Tom Cleaver

Phone alert system delayed for another year

Nikolaos Prakas

Wolt drivers in Larnaca strike over working conditions

Jonathan Shkurko

New hospital in Polis Chrysochous possible, says minister

Jonathan Shkurko

Alpha Bank pledges commitment to Cyprus economy in meeting with president

Souzana Psara