Rising costs may force Cyprus to seek more funds for large undersea cable project
Source: Baird MaritimePublished: May 12, 20260 views
Cyprus' energy minister stated that rising costs may necessitate seeking additional funds for a large undersea cable project. The project aims to build a transmission cable linking Greece to Cyprus and later Israel under the Mediterranean Sea. Cyprus and Greece are awaiting a study from the European Investment Bank to assess the project's cost implications and potential funding sources.
undersea cablefundingenergy project