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Cyprus set to be ‘remade’
September 28, 2020
With €1bn in EU recovery grants, the scope of the changes is said to be unprecedented
By Andrew Rosenbaum
IN WHAT is being seen as a giant step forward, Cyprus is set to be ‘remade’ in the coming years through €1 billion in grants – not loans – from the European Recovery Plan, according to documents seen exclusively by the Cyprus Mail.
The scope is unprecedented; the work will go on for six years.
Some of the candidate projects include building healthcare capacity, modernising the entire system of education, reform of the judicial system, making buildings energy efficient, digitalising government services, empowering the IT sector, and rapidly rolling out faster broadband, fibre optic cable for all of Cyprus, plus a transition to 5G networks.