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Anastasiades: 40-Million Euro Plan To Revive Nicosia’s City Centre Within The City Walls
April 19, 2022
The Cyprus government presented on Monday a plan to revive Nicosia’s centre situated within the historic Venetian walls totalling €40 million, of which €25 million will be financed by Cyprus’ National Recovery and Resilience Fund.
The plan, with an implementation horizon between 2022 and 2026, features the transfer the University of Cyprus school of architecture in the historic Phaneromeni School, incentives for the creation of student residences, subsidies to boost entrepreneurship in the city-centre, urban incentives, as well as a plan to provide economic support for the purchase of primary residences.