Funding Agreement Between Cyprus and Greece for the Cable Project
September 6, 2025
The agreement between Cyprus and Greece for the electrical interconnection reveals that Cyprus commits to pay 125 million euros to ADMIE in five annual installments. These payments are not linked to the completion of bathymetric surveys or other conditions for disbursement. It was confirmed that the 25 million euros each year will be approved by RAEK. The specific payment date is unclear, leaving room for interpretation. The promotion of the project depends on ADMIE's commitments.