The Cyfield Construction Consortium won the tender for the renovation of the old GSP stadium in Nicosia.
On Wednesday 27 October, a contract was signed between the Nicosia Municipality and the Cyfield Construction Consortium for the modernization of the GSP Stadium.
According to the agreement, the contractor company undertook to carry out a complete renovation of the area of the largest football stadium in Cyprus, and then to service the project for another 10 years. The renovation works are expected to begin on November 10 and last for about 24 months.
This is a very important project that will give impetus to the development and renovation of the historical center of the capital. The reconstruction of the territory of the old GSP includes the creation of a city square, green spaces and recreation areas, as well as the construction of an underground parking for 570 cars, - said the mayor of the city Constantinos Yiorkadjis.
Now there is a parking lot on the site of the GSP Stadium, the area of which is 1.32 hectares. But soon the area between Grigori Afxentiou, Evagorou and Vasileos Pavlou Streets, to the east of the building of the Ministry of Finance, will face a radical transformation.
The municipality plans to create a modern city square, places for recreation, plant greenery around the stadium, as well as build a spacious two-level underground parking for 570 cars. Level A will accommodate 222 parking spaces, 21 of which will be reserved for people with disabilities, level B - 379 parking spaces, 30 of which will be reserved for people with disabilities. 7% of the total area (880 m2) will remain free of underground structures to allow for the planting of tall trees. Low trees and other vegetation will be planted over the underground parking facilities. The new park will also include a cafe, restaurant, bookstore, art gallery, amphitheater, square, small waterfall and water wall.
The total project cost is estimated at EUR 19.7 million + VAT.
The money for its implementation was allocated from the EU cohesion fund, the state budget and the Nicosia municipality, as part of the regional development program for 2014-2020.
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