Li­mas­sol to get new projects worth € 124.7 mln

Financial Mirror (Cyprus) - - FRONT PAGE -

Pres­i­dent Ni­cos Anas­tasi­ades an­nounced a host of in­fra­struc­ture projects worth EUR 124.7 mln in his home town of Li­mas­sol, say­ing that af­ter 26 months in gov­ern­ment and hav­ing achieved a turn­around in the econ­omy, Cyprus has re­turned to the mar­kets and can now bor­row at a rate of 3.5%, as op­posed to 15% when the cri­sis first broke.

This fol­lows sim­i­lar dec­la­ra­tions in Paphos and Nicosia over the past two months worth EUR 60 mln and EUR 174 mln, re­spec­tively.

Chair­ing a wide-scale meet­ing of six mem­bers of his cab­i­net and may­ors from the Li­mas­sol dis­trict, Anas­tasi­ades said that now is the time to in­vest in ma­ture projects, or those that have been ap­proved but could not be funded due to lim­i­ta­tions im­posed by the EUR 10 bln bailout deal in March 2013.

Re­peat­ing his pol­icy of re­duc­ing un­em­ploy­ment and boost­ing de­vel­op­ment and growth, the Pres­i­dent said that Li­mas­sol has al­ready ben­e­fit­ted from projects worth EUR 47.5 mln dur­ing the present ad­min­is­tra­tion, while oth­ers worth EUR 134 mln are al­ready un­der­way or will be­gin by the end of the year.

These in­clude dredg­ing Li­mas­sol port fur­ther and ex­pand­ing the dock­sides (EUR 46 mln), a new road lead­ing to Li­mas­sol port (EUR 7.1 mln), refuse col­lec­tion cen­tre (EUR 52 mln), wa­ter sup­ply to Li­mas­sol ru­ral ar­eas from the Episkopi de­sali­na­tion plant (EUR 13.3 mln), while by au­tumn the port will see a new pas­sen­ger ter­mi­nal of 7,500 sq.m.

His new mea­sures in­clude a football sta­dium for the three lo­cal clubs of AEL, Apol­lon and Aris (EUR 20 mln), new roads worth EUR 25.3 mln, new schools and other works of EUR 14.6 mln.

In Kato Polemidia, the aban­doned Beren­garia bar­racks will be cleared (EUR 9.5 mln), Yer­ma­soyia will get road works and wave break­ers worth EUR 3.8 mln and a 10-year grace pe­riod on past loans, Ayios Athana­sios will ben­e­fit from EUR 825,000 of road works and Yp­sonas with a fur­ther EUR 1.5 mln, while ru­ral ar­eas will see new school, road works and sew­er­age net­work im­prove­ments.

Other public projects in­clude a new fire sta­tion in Li­mas­sol (EUR 5.8 mln), a TB Cen­tre (tu­ber­cu­lo­sis) at Kyper­ounda hos­pi­tal (EUR 1.2 mln), a waste wa­ter treat­ment plant west of Li­mas­sol (EUR 36.7 mln), a house­hold and in­dus­trial waste treat­ment cen­tre in Vati (EUR 4.7 mln) and solid waste treat­ment along the ‘ho­tel strip’ (EUR 2 mln).

The Pres­i­dent added that within the year, the new am­bu­lance cen­tre will be op­er­a­tional, mu­nic­i­pal hous­ing and roads in the Mishaouli and Kava­zoglou area will be re­stored, the mu­nic­i­pal kinder­garten in Mesa Yi­to­nia will re­ceive aid, the derelict farm­ing units in Kato Polemid­hia will be cleared, pave­ments and cy­cle paths will be built in Ayios Athana­sios and Yer­ma­soyia, and cash-strapped com­mu­ni­ties will start re­pay­ing their street light­ing bills to the EAC over 36 monthly in­stal­ments.

Anas­tasi­ades added that as part of the mu­nic­i­pal re­form plans, a uni­ver­sal prop­erty tax of 0.1% will be im­posed, but not col­lected by lo­cal ad­min­is­tra­tion that will re­ceive a grant of EUR 15 mln. How­ever, the plan is to re­turn the tax col­lec­tion au­thor­ity to lo­cal coun­cils once the re­form and restruc­tur­ing of all mu­nic­i­pal­i­ties has been com­pleted.

He con­cluded that the Dis­trict Of­fi­cer has been tasked with a su­per­vi­sory role to en­sure speedy pro­ce­dures and trans­parency in public projects and pro­cure­ment.

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