Breaking news

Overpass Pedestrian Crossing in Paphos Advances for Enhanced Road Safety

The construction of an overpass pedestrian crossing along Tassou Papadopoulou Avenue in Paphos has entered its implementation phase. This long-awaited project addresses the urgent need for improved road safety for hundreds of students who cross this busy artery on a daily basis, as confirmed by Paphos MP Chrysanthos Savvidis.

Project Overview And Funding Structure

In an official response from the Department of Urban Planning and Housing, Mr. Savvidis clarified that the overpass is progressing as part of Phase B of the urban road project on Tassou Papadopoulou Avenue. Notably, 80% of the project’s cost will be covered through contributions from the local authority’s budget (Municipality of Paphos), with the total investment already included in the 2026–2027 Mid-Term Fiscal Framework.

Design Specifications And Accessibility

The planned structure, measuring approximately three meters in width and extending over 24.40 meters in length, is designed to match the exact dimensions of the avenue. With its focus on inclusive design, the overpass will feature elevators or ramps based on the detailed study to ensure complete accessibility for people with mobility challenges, children, and individuals with disabilities.

Implementation And Oversight

The project is currently in the preparatory document stage, gearing up for the competitive bidding process administered by the Department of Public Works. This department will also oversee the entire contract process, ensuring that both design and construction align with the highest standards of quality and safety.

Commitment To Community Safety

This initiative stands as more than just another infrastructure project; it represents a firm commitment to community safety. The overpass on Tassou Papadopoulou Avenue is a proactive measure intended to safeguard vulnerable road users, particularly schoolchildren, in a high-traffic area.

Industry stakeholders remain dedicated to closely monitoring the project’s progress, translating commitments into tangible outcomes that ensure safe roadways become a consistent reality for all citizens.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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