Challenges in the Management of Public Projects in Cyprus
November 23, 2024
Former Auditor General Odysseas Michailidis analyzes the issues arising from the termination of public projects in Cyprus. He explains that opacity and political collusion lead to a monopoly in the public works sector, burdening taxpayers. He presents examples of canceled projects, such as the Pentakomo Waste Management Facility and the Larnaca marina agreement. Lastly, he emphasizes the importance of transparency and proper management of contracts to avoid problems.