NICOSIA - There are positive indications regarding a possible increase of up to 95% in EU participation in co-funded infrastructure projects in Cyprus, Minister of Communications and Works Tasos Mitsopoulos told CNA Friday.
He noted that, beyond the increase in EU funding, the government would try to include natural gas related works in the co-funded projects.
"We are receiving some encouraging messages that some important projects will be included in the funding but we still have no final decisions," Mitsopoulos said, adding that "we have also managed to increase the percentage of project funding."
Mitsopoulos said things would be clarified in the coming months and that there were positive indications that for some projects EU funding from 50-75% would increase to 85-95%, meaning that "national participation is reduced to a minimum."
The Minister noted that on the sidelines of the EU Transport Ministers’ Council in mid-September, he would raise in meetings "some projects we consider to be important for Cyprus regarding the promotion of road networks and infrastructure."
"We will also try to secure EU co-funding for some projects that have to do with the exploitation of natural gas, other than the liquefied natural gas terminal," he said.
Such projects, he said, could be port infrastructure, access networks, environment protection, and infrastructure security.