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Signature(s)

Amount
€ 55,000,000
Countries
Sector(s)
Cyprus : € 55,000,000
Transport : € 55,000,000
Signature date(s)
11/10/2002 : € 55,000,000
Link to source

Summary sheet

Release date
31 October 2001
Status
Reference
Signed | 11/10/2002
20010486
Project name
Promoter - financial intermediary
Air Traffic Services II
Department of Civil Aviation
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 55 million under the Accelerated Finance Initiative.
Approximately EUR 75 million
Location
Sector(s)
Description
Objectives

Investments in 2001-2006 for expansion and modernisation of air navigation services in Cyprus. The main components comprise new Air Traffic Management facilities to be housed in a new building at Nicosia, an upgrade of the Instrument Landing System at Larnaca airport, an upgrade of radar facilities and new communications facilities.

To cope with a continuing growth of air traffic in the Cyprus Flight Information Region (FIR). Economic benefits include improved safety both for airport approach within Cyprus as well as for international, transit flights.

Environmental aspects
Procurement

Environmental impact studies will be carried out as applicable and corrective measures applied as necessary. 

International procurement procedures will apply.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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