Costs and Challenges of the Gas Terminal in Vasilikos
October 16, 2024
The completion of the gas regasification terminal in Vasilikos is expected to require additional funding, with the final cost still unclear. Despite the initial estimate of 289 million euros, payments have already reached 314.5 million euros. The Cypriot taxpayer may need to pay an additional 75.5 million euros, but negotiations with the Chinese company and legal proceedings could increase this amount even further.