EIB supports €100 million initiative to improve Cyprus’s road network

EIB Injects €100 Million into Cyprus for Road Upgrades EIB Injects €100 Million into Cyprus for Road Upgrades

EIB Injects €100 Million into Cyprus for Road Upgrades Cyprus is gearing up for a major road network transformation, powered by a fresh €100 million injection from the European Investment Bank (EIB). This significant funding marks the second tranche of a comprehensive €200 million loan agreement aimed at modernising the island’s transport infrastructure. With the initial project finance of €100 million disbursed in December 2024, the stage is no…

EIB supports €100 million initiative to improve Cyprus’s road network

(Credit: Unsplash) This article is published in association with European Investment Bank. EIB funds Cypriot government €100 million to make road travel easier and safer The financial agreement is second tranche of €200m total funding to co-finance network upgrades and extensions Works to include environmental management systems such as better water collection and drainage systems. The European Investment Bank (EIB) is funding Cyprus a further …