26 Key Infrastructure Projects Included in Cyprus’s 2026 Budget

Cyprus has approved its 2026 state budget, which includes 26 major infrastructure projects totaling over €1.14 billion. These investments aim to drive economic growth, enhance transport accessibility, and modernize public facilities throughout the island.

Among the most notable initiatives are the construction of the New Cyprus Museum in Nicosia, implementation of the “KtiZO” state program for building renovation and energy efficiency, and major road development projects such as Paphos–Polis Chrysochous, Astromeritis–Evrychou, and Nicosia–Palechori–Agros highways.

Construction and Modernization Across Regions

The 2026 budget funds numerous projects designed to improve quality of life for Cyprus residents.

1. Nicosia: Ongoing construction of the new Courthouse and Land Registry buildings, along with modernization of Tseriou, Argyroupoleos, and Ippokratous streets.
2. Larnaca and Controlled areas of Famagusta: Focus on educational infrastructure, including a new STEM secondary school in Larnaca, a sports gymnasium in Paralimni, upgrades to the Larnaca–Dhekelia coastal road, Kapparis Avenue reconstruction, and a new kindergarten and primary school in the Oroklini–Livadia area.
3. Paphos: Expansion of the city’s gymnasium, improvement of the urban road network, and construction of a new bypass.

Innovation and Regional Development

Noteworthy projects include a helipad in the Solea–Marathasa region, enhancing access to remote mountain areas and strengthening emergency medical services. Other significant developments involve new buildings for the State Archives, the General Chemical State Laboratory, and the Central Prison.

These initiatives reflect the government’s strategy for digital and infrastructure modernization — aiming to strengthen Cyprus’s position as a modern European nation with a sustainable economy, advanced transportation, and innovative social infrastructure.

Economic Stability and Growth

According to the Ministry of Finance, the 2026 budget is designed to ensure long-term economic stability and encourage private investment. Infrastructure upgrades will create new jobs, improve regional connectivity, and promote domestic tourism.

Finance Minister Makis Keravnos emphasized that public investments exceeding €1 billion will serve as a catalyst for regional development and reinforce the resilience of the Cypriot economy amid global uncertainty.

Detailed List of Funded Projects (2026)

1. New Cyprus Museum building — €145,709,217
2. “KtiZO” program — €130,000,000
3. Deneia–Akaki–Astromeritis road — €129,710,000
4. Nicosia Courthouse — €119,000,000
5. Paphos–Polis Chrysochous road (Phase A) — €107,338,000
6. New General Chemical State Laboratory — €106,505,000
7. Astromeritis–Evrychou highway — €88,627,630
8. Nicosia–Palechori–Agros road — €77,643,930
9. New Central Prison building — €35,105,000
10. Reconstruction of Ippokratous, Argyroupoleos & Tseriou Avenues (Lakatamia–Strovolos) — €31,345,000
11. Central Land Registry offices — €22,294,748
12. Larnaca–Dhekelia coastal road reconstruction (Phase C) — €17,700,000
13. Deryneia–Sotira road improvement — €15,910,000
14. New STEM secondary school in Larnaca — €14,955,000
15. New sports gymnasium in Paralimni — €12,480,000
16. Reconstruction of Tseriou Street (Phase A, Strovolos) — €11,000,000
17. State Archives building (Phase A) — €10,000,000
18. Akruntas–Dierona–Arakapas road improvement — €9,800,000
19. Regional kindergarten and primary school in Oroklini–Livadia — €9,113,000
20. Kapparis Avenue reconstruction (Paralimni) — €7,700,000
21. Renovation of Deftera Primary School — €7,280,000
22. New Paphos Gymnasium — €7,200,000
23. Germasogeia bypass (Phase A) — €7,100,000
24. 17th Limassol Primary School and new public kindergarten — €6,900,000
25. Helipad in Solea–Marathasa region — €5,355,000
26. Modernization of Evryadio Gymnasium in Larnaca — €5,220,000