The Transport Ministry said on Wednesday that the grace period to challenge the tender awarded for the construction of phase one of the Nicosia ring road has passed without any objections submitted.
The contract was awarded to Cyfield Construction Ltd for €60.7m plus VAT and the company will be asked to immediately submit the relevant documents, the ministry said. Work is expected to start in April and take three years.
It concerns the section between the Nicosia-Limassol highway and Tseri avenue and includes a 7.5km long four lane motorway as well as 10 km of connecting roads. Two flyovers near Dali industrial area, one near the Tseri industrial area and a roundabout on Strovolos/Tseri avenue will be constructed to connect other sections of the highway with the new road.
The project aims to ease traffic congestion at the entrance of the capital and promote economic activity.
Phase A1 will cost €62 million, VAT not included. A large part of its cost (€43.8 million) will be financed by the EU
In total, the project will be comprised of five phases, with the cost estimated at €350 million. Upon completion it will operate as a ringer and will connect the main radial roads: Nicosia-Limassol (A1), Nicosia-Kokkinotrimithia (A9) and the proposed Nicosia-Palaichori highway.