The European Investment Bank is providing Cyprus with a further 100 million euros in funding for a range of road improvements in the country.
The EIB credit will cover 50% of the costs of planned renovations and extensions to make road travel in Cyprus easier and safer.
The agreement is part of a €200 million approved EIB financing package for Cypriot road infrastructure.
The first tranche of €100 million was signed in December 2024.
The works, which will cover road networks and infrastructure improvement in various areas across the country, are due to be completed by 2029.
“Investing in essential infrastructure like road networks is vital for strengthening social cohesion and driving economic growth in Cyprus,” said EIB Vice President Kyriacos Kakouris.
“This project will have a real and lasting impact on the daily lives of Cypriots – improving mobility, enhancing safety, and boosting climate resilience.”
