Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 55,000,000
    Countries
    Sector(s)
    Cyprus : € 55,000,000
    Transport : € 55,000,000
    Signature date(s)
    11/10/2002 : € 55,000,000
    Link to source

    Summary sheet

    Release date
    31 October 2001
    Status
    Reference
    Signed | 11/10/2002
    20010486
    Project name
    Promoter - financial intermediary
    Air Traffic Services II
    Department of Civil Aviation
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately EUR 55 million under the Accelerated Finance Initiative.
    Approximately EUR 75 million
    Location
    Sector(s)
    Description
    Objectives

    Investments in 2001-2006 for expansion and modernisation of air navigation services in Cyprus. The main components comprise new Air Traffic Management facilities to be housed in a new building at Nicosia, an upgrade of the Instrument Landing System at Larnaca airport, an upgrade of radar facilities and new communications facilities.

    To cope with a continuing growth of air traffic in the Cyprus Flight Information Region (FIR). Economic benefits include improved safety both for airport approach within Cyprus as well as for international, transit flights.

    Environmental aspects
    Procurement

    Environmental impact studies will be carried out as applicable and corrective measures applied as necessary. 

    International procurement procedures will apply.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications