Release date: 3 December 2004
Promoter – Financial Intermediary
Central Government departments of the Republic of Cyprus and local government and private sector agents.Location
Description
Co-financing of investments included in Cyprus’s Single Programming Document (SPD) and the Cohesion Fund Reference Framework (CFRF) for the period 2004-2006.
Objectives
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.
Comments
Transport, Environment and other sectors of economic activity.
Sector(s)
Proposed EIB finance (Approximate amount)
Of the order of EUR 80 m
Total cost (Approximate amount)
Of the order of EUR 210 m
Environmental aspects
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.
Procurement
The promoter’s procurement procedures comply with the provisions of the relevant EU Directives, requiring international open tender.
Status
Signed - 10/06/2005
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).