The reconstruction of the GSP Stadium in Nicosia has reached the finishing line - the project is 90% complete.
On Wednesday the 8th of May, the contractor announced that the major facility will be inaugurated this autumn.
Remember that the works started in November 2021. However, it has been postponed several times. First because of the coronavirus pandemic, then because of disruptions in the supply of building materials. The original plan was to complete the stadium within 24 months of starting work. However, the deadline has been pushed back by almost a year.
It should be noted that the works are being carried out in the area between Grigori Afxentiou, Evagorou and Vasileos Pavlou streets, east of the Ministry of Finance building in Nicosia.
Following the radical modernisation of the GSP Stadium, the public will have new restaurants, cafes, a children's playground and shops where they can stroll, have a coffee, a snack and shop.
At the centre of the stadium will be a town square with an open-air amphitheatre, which will provide seating for film screenings. For the convenience of visitors, there will be two underground car parks with 554 parking spaces, including 33 for disabled people, 28 for people with reduced mobility and 12 for electric cars.
The budget of the project is more than 20 million euros and includes not only the reconstruction of the stadium but also its maintenance by the development company for the next 10 years.
The money for the project has been allocated from the EU Cohesion Fund, the state budget and the Nicosia municipality as part of the 2021-2027 Regional Development Programme.
According to the municipality, the reconstruction of the GSP stadium is a very important project in the heart of Nicosia, which will give a boost to the development and regeneration of the historic centre of the capital.