The social development bank in Europe

Municipality of Nicosia

  • Approval date

    17 September 2010

  • Borrower

    Municipality of Nicosia

  • Country

    Cyprus

  • Loan size

    € 40 000 000

  • Line of action

    Strengthening social integration

  • Status

    In progress

Partial financing of urban investment, infrastructure upgrading and rehabilitation projects in the centre of the City of Nicosia and its surroundings. The project is expected to have positive effects on the economic development, living conditions and social cohesion of the city's inhabitants by facilitating access to credit for the upgrade of local infrastructure.