Cyprus secures €40m loan for two water projects

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Paphos Life
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Cyprus secures €40m loan for two water projects

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The Council of Europe Development Bank on Friday approved a loan of €40m to Cyprus.The loan aims to finance two water supply projects to meet the needs of Nicosia and the government-controlled areas of Famagusta.It concerns infrastructure projects at the Vassiliko area and the Kokkinokremmos area, respectively....

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WHL
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Re: Cyprus secures €40m loan for two water projects

Post by WHL »

Lincoln wrote: ↑Sat Jan 26, 2019 12:12 pm Blimey another loan to be repaid.
That's how most of the World's Governments work, by getting loans.
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Firefly
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Re: Cyprus secures €40m loan for two water projects

Post by Firefly »

Yes, the tax payer's.
It's not the size of the dog in the fight, it's the size of the fight in the dog.
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Dominic
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Re: Cyprus secures €40m loan for two water projects

Post by Dominic »

Well yes. That is rather the point of government.
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jeba
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Re: Cyprus secures €40m loan for two water projects

Post by jeba »

Firefly wrote: ↑Sat Jan 26, 2019 7:25 pm Yes, the tax payer's.
Do you have a better suggestion as to who should pay for infrastructure?
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Kili01
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Re: Cyprus secures €40m loan for two water projects

Post by Kili01 »

I wonder how Paphos’s desalination plant will be funded? Does anyone know if one’s being built now?

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ApusApus
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Re: Cyprus secures €40m loan for two water projects

Post by ApusApus »

The contract was signed on Thursday 17th January 2019 but no timescales were given in the press release I saw!

https://in-cyprus.com/paphos-to-get-des ... r-to-dams/


Shane
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