(AGENPARL) – ROME gio 16 marzo 2023

Reference:


Release date:
16 March 2023

Promoter – Financial Intermediary

DIRECTORATE GENERAL FOR EUROPEAN PROGRAMMES, COORDINATION AND DEVELOPMENT – REPUBLIC OF CYPRUS

Location

Description

The project consists in a Structural Programme Loan supporting the 2021-2027 selected operational programmes and priorities from the Partnership Agreement of the Republic of Cyprus.

Objectives

The programme loan will support, through national contribution co-financing, priority multisector investments of the EU Cohesion Policy Funds Operational Programme THALIA for the 2021-2027 programming period (OP), prepared under the Cypriot Partnership Agreement. The OP is a multi-annual, multi-fund, development plan, which defines the strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds in the period 2021-2027.

Sector(s)

• Energy
  
  – Electricity, gas, steam and air conditioning supply
• Water, sewerage
  
  – Water supply; sewerage, waste management and remediation activities
• Solid waste
  
  – Water supply; sewerage, waste management and remediation activities
• Composite infrastructure
  
  – Construction
• Transport
  
  – Transportation and storage
• Telecom
  
  – Information and communication
• Services
  
  – Professional, scientific and technical activities
• Services
  
  – Public administration and defence; compulsory social security
• Education
  
  – Education
• Health
  
  – Human health and social work activities
• Services
  
  – Arts, entertainment and recreation

Proposed EIB finance (Approximate amount)

EUR 369 million

Total cost (Approximate amount)

EUR 1487 million

Environmental aspects

The aim is supporting key EU priorities such as the green and digital transition and contributing to develop a competitive, innovative and export-oriented growth model for the country. The results of such investments under these priorities will include i.a. reduced emissions, increased adaptability to climate change, the protection of biodiversity and the environment. Socially, the investments target socio-economic inclusion of marginalised groups, active inclusion, equality of access to services etc. In addition, the Just Transition investments will foster solidarity in the drive towards climate neutrality, enabling Cyprus to address the social, employment, economic and environmental impacts of achieving the Union’s 2030 energy and climate targets and the transition to a climate-neutral economy of the Union by 2050 under the Paris Agreement.

Procurement

The Bank will require the promoter to ensure that contracts for implementation of the project have been or will be (as the case may be) tendered in accordance with the applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU /2014/25/EU 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 EU Official Journal, as and where required.

Status

Under appraisal – 22/06/2022

Fonte/Source: https://www.eib.org/en/projects/pipelines/all/20220231