The government on Thursday signed a contract worth almost €3.5 million for improvement works on the Paphos-Polis road.
The contract was given to Araco Construction CY Limited. According to an announcement by the transport ministry, project implementation is set to begin in January. The delivery timetable is 52 weeks.
The project concerns the construction of two additional uphill lanes: the first on the section of the road from Mesogi to Tsada, about 1.8km long; and the second section from Yiolou to Stroumbi, about 1.5km long.
Signing the contract were Eleftherios Eleftheriou, the director of the Public Works Department, and Mohammed Royaka on behalf of Araco Construction CY Limited.
Also on Thursday, the cabinet gave the nod to a transport ministry proposal for obtaining a €200 million loan from the European Investment Bank to finance the construction of major roadways in various areas across the island.
The financing will concern, among others, the construction of parts of the motorway between Nicosia and Troodos (the section from Astromeritis to Evrychou), and a section of the motorway between Nicosia and Palekhori.
According to a statement, the loan is part of President’s Nikos Christodoulides policy dubbed ‘Investing in the Future’, and “it underlines the government’s commitment to supporting projects that improve the management of road networks and road safety.”
