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EIB Vice President in Cyprus for two loan agreements for CUT

16:21 - 18 September 2024

Economy Reporter

Vice President of the European Investment Bank (EIB) Kyriacos Kakouris will be heading a delegation paying Cyprus an official visit on Friday, 20 September, during which two loan agreements will be signed. 

A press release by the Ministry of Finance says the first loan agreement between the Republic of Cyprus and the European Investment Bank will be for the amount of €108 million for the implementation of a number of projects of the Cyprus University of Technology (CUT) in Limassol. These include the construction of student residences and sports infrastructure, the upgrading of various academic and research facilities, the construction of a photovoltaic park and the implementation of various digitisation projects.

The second loan agreement will be between the Municipality of Paphos and the European Investment Bank in the amount of €17 million for the construction of CUT student residences and sports facilities in Paphos.

(Source: CNA)

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