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Co-financing of investments included in Cyprus’s Single Programming Document (SPD) and the Cohesion Fund Reference Framework (CFRF) for the period 2004-2006.
The operation is complementary to the EU’s grant support from the Cohesion and Structural Funds and aims at both facilitating and accelerating the implementation of investments, directed at the development of the Cypriot economy and its speedy integration into the EU.
Cyprus has been harmonising its environmental legislation in line with environmental standards mandated by the relevant EU Directives. All schemes that may benefit from EU support and financing under the EIB Facility would need to fully comply with the EU requirements and follow the procedures required/agreed during the Accession negotiations.
The promoter’s procurement procedures comply with the provisions of the relevant EU Directives, requiring international open tender.
Transport, Environment and other sectors of economic activity.