20.03.2022
Cypriot Interior Minister Nikos Nouris, speaking on Saturday at the 29th General Assembly of the Cyprus Association of Civil Engineers, said that the ministry is committed to revitalizing the countryside, especially in mountainous, disadvantaged and remote areas, where there is a strong phenomenon of population decline, and living conditions present special problems.
He announced that housing policy funds available to rural areas have tripled in 2022 compared to 2021.
The Minister recalled that the State had decided to fund affordable housing and rental projects with proceeds from the forthcoming casino operation, with 15% of the net income going to the Cyprus Land Development Organization to support housing projects.
“In total, spending on housing projects now stands at €125 million for 2022, an increase of 25% compared to 2021 and doubling compared to spending in 2018,” he said.
Nouris also said that a number of redevelopments of historical centers, squares and recreation areas, waterfront facades and linear parks inside and outside urban areas are underway. He noted that the construction of three buildings for the ministries of interior, transport and justice in the General Secretariat area and a grand revitalization project within the city walls of Nicosia with the relocation of the University of Cyprus School of Architecture there, as well as incentives for the construction of student residences, are some of the projects that stand out.
