The European Investment Bank (EIB) has directed €225 million into improving Cyprus’ infrastructure, focusing on sectors such as transport, social infrastructure, student housing, and energy. During a presentation of the EIB’s 2024 financial results, vice-president Kyriakos Kakouris announced a key investment of €72 million for Cyprus’ new archaeological museum, highlighting the bank’s commitment to the […]
The EIB is providing €225 million to Cyprus for infrastructure improvements in transport, energy, and housing, including €72 million for a new archaeological museum. Key projects include student housing in Limassol and Paphos (€125 million), upgrading road infrastructure (€100 million), and developing a solar energy park. The EIB also completed advisory assignments for sustainable urban mobility in Larnaca and Limassol, and a cost-benefit analysis for the new museum.
