CYPRUS NATIONAL MUSEUM

Promoter – Financial Intermediary

REPUBLIC OF CYPRUS

Location

• Cyprus

Description

The project will finance new National Cyprus Museum, an important cultural landmark, which forms part of the urban regeneration of Nicosia.

Objectives

The aim is to support the implementation of a new modern museum, suitably designed and equipped with latest technologies, to promote the educational presentation. In addition, the new museum will comply with the requirements of the modern science of conservation and enable the study of archaeological wealth.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 60 million

Total cost (Approximate amount)

EUR 120 million

Environmental aspects

Compliance with the relevant EU Directives will be verified during appraisal stage. Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU, SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed.

Procurement

The promoter has to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU or 2004/18/EC /2014/25/EU or 2004/17/EC, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Under appraisal - 16/05/2023