Wood Graham
- European Investment Bank
- Communication Department
- 60 Vasilissis Sofias Avenue
- 11528 Athens
- Greece
The European Investment Bank (EIB) is lending Cyprus €100 million for a range of road improvements in the country. The EIB credit will cover 50% of the costs of planned renovations and extensions to make road travel in Cyprus easier and safer.
European Investment Bank Group President Nadia Calviño visited Cyprus today to inaugurate the EIB Group’s office in the country and exchange views with the Cypriot leadership on investment initiatives to address common policy goals, from energy to water management, housing, security and defence, and emergency response services.
The Cyprus University of Technology (CUT) will benefit from €125 million in European Investment Bank (EIB) loans to build affordable student housing and upgrade campus facilities in the cities of Paphos and Limassol. The EIB funds will ensure that the planned student lodgings are sustainable and affordable and that academic, research and sports facilities meet the highest teaching and environmental standards.