June 2021

Recovery Fund and Limassol - the projects planned

Eight major projects, with a horizon of implementation in the next six years, have been included by the competent authorities for Limassol, in the framework of National Recovery Plan, which is before the European Commission. These projects will modernize the city, make it greener, enhance its tourism product and generally contribute to the realization of better living standards. The projects promoted will also cater to needs identified by European institutions in their reports. The eight more important projects for Limassol are:

  1. Creation of a marine aquaculture unit in Pentakomo - construction of a collective infrastructure to serve the marine aquaculture units (port and land facilities) operating in the wider area of ​​Vasiliko-Moni (€29 million).
  2. Establishment of a task force and study for the promotion of the creation of the first Ecological Industrial Scientific Park with the aim of promoting the construction of green technology equipment (e.g. RES / solar energy) through the operation of clusters by local and foreign construction entities, in collaboration with academic & research centres and utilization of special incentives
  3. Implementation of the Limassol Sustainable Urban Mobility Plan, including bike lanes, bus lanes and accessibility and movement of cyclists, pedestrians and people with mobility difficulties.
  4. Creation of an open innovation laboratory / ecosystem with a focus on the user (smart living lab) for the development of innovative solutions for Intelligent Water Resources Management in Limassol (€13 million).
  5. Implementation of flood protection projects in the Ypsonas Municipality
  6. Upgrade of Limassol General Hospital and the Department of Accidents & Emergencies, creation of a contagious diseases unit (€700.000) and expansion of the dialysis.
  7. Creation of a model Technical School (new facilities of the Limassol Technical School in Polemidia)

     8. Construction of the Apostolos Loukas new Special School and the Red Cross school for rehabilitation (€12.4 million). 

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