€1.5bn for Major Projects in 2027 Budget

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The new Cyprus Museum, major road projects, schools, public buildings and social care facilities are among 34 infrastructure projects included in the 2027 state budget.

The new Cyprus Museum, major highway projects, court buildings, schools, water infrastructure and social protection facilities form part of a package of 34 major infrastructure projects included in Cyprus' 2027 state budget, with a combined value of around €1.5 billion.

The projects are either already underway or scheduled to begin in the coming years, with funding included in both the 2027 state budget and the 2027-2029 Medium-Term Fiscal Framework.

The budget is due to come before the House Finance Committee on Monday in the presence of Finance Minister Makis Keravnos.

Largest projects

Among the largest projects is the new Cyprus Museum, with an estimated total cost of €143.9 million.

Other major projects include:

  • Deneia-Akaki-Astromeritis road (€164.2 million)
  • Paphos-Polis Chrysochous road, Section II, Phase A (€131 million)
  • Nicosia Courthouse (€119 million)
  • Paphos-Polis Chrysochous road, Section I, Phase A (€107 million)
  • New State General Laboratory building (€108.5 million)
  • Housing developments under the "Ktizo" scheme (€105 million)
  • New Law Office building (€81 million)
  • Nicosia-Palaichori-Agros road (€77.8 million)

Road and infrastructure projects

The budget also includes funding for the construction of shared infrastructure serving marine aquaculture units in the Vasilikos-Moni (Pentakomo) coastal area, with an estimated cost of €40 million.

The improvement and construction of Hippokratous and Argyroupoleos avenues in Lakatamia and Strovolos is expected to cost €30.7 million.

The Vasilikos-Nicosia water project, Phase B, is budgeted at €29.7 million.

Other transport projects include:

  • Larnaca-Dhekelia coastal road upgrade, Phase C (€17.6 million)
  • Deryneia-Sotira road improvement project (€16 million)
  • Redevelopment and upgrading of Tseri Avenue in Strovolos (€11 million)
  • Akrounta-Dierona-Arakapas road improvement works (€9.8 million)
  • Kapparis Avenue upgrade in Paralimni (€9 million)

New public buildings

Significant funding is also allocated to public buildings.

The new Justice and Public Order Ministry headquarters is expected to cost €25 million.

The first phase of the State Archives building carries a budget of €11 million.

The budget also includes €10.5 million for the renovation of Cyprus' Permanent Mission to the United Nations and the Consulate General in New York.

Additional projects include:

  • Peyia Fire Station (€9 million)
  • Larnaca Fire Station (€7.7 million)
  • Kato Pyrgos fishing shelter improvement works (€7.2 million)
  • Helipad in the Solea-Marathasa region (€5 million)

New schools

Education projects feature prominently in the budget.

The largest is the construction of the new STEM (Science, Technology, Engineering and Mathematics) Sports and Music Gymnasium in Larnaca, estimated at €14.8 million.

Other projects include:

  • New Sports Gymnasium in Paralimni (€13 million)
  • Sixth Primary School and Kindergarten in Aradippou (€10.8 million)
  • New Primary School and Kindergarten in Ypsonas (€10.5 million)
  • Regional Primary School and Kindergarten serving the Voroklini-Livadia area (€10 million)

The list also includes:

  • New Paphos Gymnasium and expansion works linked to the First Kindergarten of Paphos (€7.2 million)
  • Replacement of Deftera Primary School (€7 million)
  • Replacement and reconstruction of Limassol's 17th Primary School and construction of a new public kindergarten (€6.4 million)

Child protection facilities

In the field of social protection, the government plans to create three child and adolescent protection facilities for children under state care.

The programme carries a total cost of €14.5 million and forms part of broader efforts to strengthen public social welfare infrastructure.

The projects are among those receiving allocations through the 2027 state budget and the 2027-2029 Medium-Term Fiscal Framework.