Page 1 of 1
Cyprus secures €40m loan for two water projects
Posted: Sat Jan 26, 2019 10:38 am
by Paphos Life
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....
Read the article and chat about it below...
Re: Cyprus secures €40m loan for two water projects
Posted: Sat Jan 26, 2019 12:17 pm
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.
Re: Cyprus secures €40m loan for two water projects
Posted: Sat Jan 26, 2019 7:25 pm
by Firefly
Yes, the tax payer's.
Re: Cyprus secures €40m loan for two water projects
Posted: Sat Jan 26, 2019 7:41 pm
by Dominic
Well yes. That is rather the point of government.
Re: Cyprus secures €40m loan for two water projects
Posted: Sat Jan 26, 2019 11:24 pm
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?
Re: Cyprus secures €40m loan for two water projects
Posted: Sun Jan 27, 2019 9:15 am
by Kili01
I wonder how Paphos’s desalination plant will be funded? Does anyone know if one’s being built now?
Dee
Re: Cyprus secures €40m loan for two water projects
Posted: Sun Jan 27, 2019 9:34 am
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