Paphos to Receive Over €230 Million for 75 Development Projects, President Announces

  • 5 месяца назад
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President Nikos Christodoulides has announced a major development plan for the Paphos district, earmarking over €230 million for more than 75 projects. The wide-ranging initiative includes the long-anticipated Paphos Marina, significant upgrades to the road network, and investments in health and education, all part of a government strategy for balanced regional growth.

Landmark Projects to Transform Paphos

During a meeting with local authorities on Tuesday, the President outlined several flagship projects designed to boost the region’s economy and strategic importance.

A key project is the Paphos Marina, a development designed to host up to 1,000 leisure boats that is expected to transform the city into a top maritime and tourism destination. Major transport infrastructure upgrades are also planned, including the new Paphos–Polis highway and expanded airport connections aimed at improving road safety and easing congestion.

Christodoulides also highlighted the upgrade of the Andreas Papandreou Air Base, in cooperation with the United States, which he said increases the district’s strategic importance in the fields of defence and security.

Investments in Public Services

The development plan also includes significant investments in public services and quality of life. An €8 million investment in the Paphos General Hospital will fund upgrades to its emergency, pediatric, and gynecology departments, along with the creation of a new pulmonology clinic.

In education, new and modernized schools are planned for several communities, while cultural initiatives include a new Cultural Park in Acheleia and the digital upgrade of the Archaeological Museum.

National Economic Context

The President stated that these large-scale projects are possible because Cyprus is on a “path of steady and strong growth,” with one of the highest growth rates in the European Union. He emphasized that consistent fiscal discipline is paying off, with public debt projected to fall below 60% of GDP before the end of 2025.

“Only with a strong, resilient, and shielded economy can we implement the policies and projects that improve citizens’ quality of life,” Christodoulides added, noting that a strong economy strengthens the country’s credibility and sends a message of stability.

Source: Stockwatch.com.cy

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