Cyprus announces 3.5 billion euro infrastructure investment plan starting in 2028

President Nikos Christodoulides announced a massive nationwide infrastructure and urban upgrade plan during the inauguration of the renovated square and traditional core of Koili on November 5, 2026. The government intends to approve projects valued at 3.5 billion euros by September 2027, with implementation scheduled to begin on January 1, 2028. This funding consists of 2.5 billion euros from European resources and 1 billion euros from national funds.

Regarding the Paphos district, the President noted that various urban projects worth approximately 75 million euros are currently being promoted, with key areas including Kouklia, Pegeia, and Latsi. Additionally, a project in Geroskipou worth 3.4 million euros has been completed. The Koili square renovation project, which cost approximately 1.6 million euros and began in September 2023, was highlighted as a successful model of collaboration between the state, local authorities, and European institutions to improve daily life in rural areas. The works in Koili involved upgrading 850 meters of central roads with traditional stone paving, improving accessibility for people with disabilities, and modernizing utility networks.