Breaking news

Government Unveils €493 Million Plan To Ease Limassol Traffic

Transport, Communications and Works Minister Alexis Vafeadis is set to meet mayors from the greater Limassol area on Thursday to discuss a €493 million pipeline of road and transport projects aimed at easing traffic congestion across the city.

Meeting To Focus On Traffic Priorities

The meeting, to be held at the Cultural Centre of Agios Athanasios, will focus on identifying projects that should be prioritised to improve traffic flow across the Limassol district. According to government sources, the proposals are divided into short-term measures that can be implemented more quickly and longer-term infrastructure projects that require additional planning and investment.

€493 Million Programme

The proposed programme includes road and urban planning projects with a combined estimated value of €493 million. Among the largest are the €80 million Limassol–Saittas Motorway (Phase A2), the €60 million Ypsonas–Polemidia section of the Northern Bypass, the €37 million Northern Bypass section linking Agia Fyla, Mesa Geitonia and Agios Athanasios, the €30 million widening of Agios Athanasios Avenue, including sections of Kolonakiou and G. Digeni avenues, and the €24 million Second Parallel Road connecting Germasogeia and Agios Athanasios via Vythkion Avenue.

Short-Term Measures Under Way

Several projects are already under way or approaching the tender stage, including the roundabout at the junction of Agios Athanasios and Anikodomiseos, the new motorway exit serving Limassol Port and improvements to the AHK exit. The ministry also plans targeted interventions at key junctions, additional roundabouts and the rollout of a €3 million Urban Traffic Control (UTC) system across 50 signalised intersections.

Longer-Term Infrastructure Plans

The programme also includes additional sections of the Northern Bypass, the North Parallel Road between Ypsonas and Polemidia, the Third Parallel Road, the upgrade of the A1 motorway to six lanes between Parekklisia and the Germasogeia roundabout, the construction of a third-level connection between G. Kranidiotis Avenue (B8) and N.D. Pattichis Avenue, and Phase B of the Germasogeia–Akrunta–Dierona–Arakapas road. Several of these projects remain at the planning or study stage.

Municipalities Invited To Submit Proposals

During the meeting, Mr. Vafeadis is expected to invite municipalities to submit additional proposals as part of a broader transport strategy for the Limassol district. The discussions are expected to help determine which projects will move forward first as the government finalises the next phase of the city’s infrastructure programme.

Morningstar DBRS Upgrades Cyprus Outlook To Positive, Citing Strong Fiscal Performance

Cyprus President Nikos Christodoulides welcomed the confirmation of the country’s “A” credit rating and an upgrade in its outlook, saying the decision reflects the economy’s momentum and prospects.

In a post on X, Christodoulides said Cyprus is continuing on an upward path while advancing reforms aimed at strengthening competitiveness, resilience and credibility.

Fiscal Discipline Supports Investor Confidence

The rating decision points to the role of fiscal policy in Cyprus’ improving credit profile. Credit ratings remain an important indicator of a country’s institutional strength, borrowing capacity and macroeconomic stability.

For Cyprus, stronger public finances could support investor confidence and improve access to financing over time. A stronger credit outlook may also give the government more flexibility to support economic growth while maintaining fiscal discipline.

Reforms And Growth Create More Policy Space

Christodoulides said responsible fiscal policy and the government’s broader economic strategy are producing measurable benefits, including more and better-paid jobs, higher disposable income and new investment.

He added that these improvements are creating greater policy space to address citizens’ needs while continuing reforms designed to strengthen the economy.

Government Plans To Maintain Course

Christodoulides said his administration would continue pursuing its economic strategy with a focus on responsibility, consistency and reforms aimed at building a more competitive and resilient economy.

The latest rating action adds to recent evidence of improved fiscal conditions and Cyprus’ stronger position in international financial markets.

The Future Forbes Realty Global Properties
Uol
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter