Evaluation of Projects and Costs in Cyprus from 2010 to 2024
February 15, 2025
From 2010 to 2024, many large-scale projects in Cyprus experienced cost overruns or delays, while some were cancelled before completion. A list of these projects, prepared by the Ministry of Interior, includes hundreds of projects totaling hundreds of millions of euros. The most expensive project is the Freedom Square in Nicosia, initially costed at 16 million euros, which is estimated to have surpassed 40 million. MP Nikos Kettirou stated that he will examine the list to draw useful conclusions about project management.