Within the year, the offers for the construction of the first 150 modern houses in the area of Agios Nikolaos, in Limassol, will be announced, in the framework of the agreement for affordable housing, signed between the Municipality of Limassol and the Cyprus Land Development Organization.
The issue was addressed by a teleconference held today by the Mayor of Limassol, Nikos Nikolaidis, with the president of the Cyprus Land Development Orgasm and other officials.
According to a relevant announcement, Mr. Nikolaidis stated that the techno-economic study for the largest housing project ever done in Cyprus with the involvement of the Municipal Authority has been completed, the cost of which will reach 100 million euros.
As Nikos Nikolaidis explained, with the president of KOAG it was decided as a goal, by May, to have signed the agreement for co-development and co-management of the project, while in the next few months, to announce the bids for the construction projects of the AD phase, which include about 150 houses in the district of Agios Nikolaos.
It is pointed out that with the agreement Municipality – KOAG, which was characterized by the Mayor as historic for the Municipality of Limassol, the construction of hundreds of new housing units in Limassol was launched, to meet the housing needs of low-income families, students and young couples.
For this purpose, three municipal plots will be utilized (two in Agios Nikolas and one in Agios Ioannis), where the first workers' houses were built in the 1940s under the mayor of Plouti Serba. In the three plots, with a total area of 31,081 sq.m., more than 600 modern housing units of various sizes will be built, with strict specifications that will ensure a high level of quality of life for the residents.
It is reminded that the signing of the agreement between the Municipality of Limassol – KOAG took place in the presence of the Minister of Interior, in July 2020.