Nicosia:Progress on the completion of the European Investment Bank (EIB) study concerning the Cyprus-Greece electricity interconnector project is anticipated by the end of the year, as stated by Government Spokesperson Konstantinos Letymbiotis.

According to Cyprus News Agency, Letymbiotis addressed a press briefing, indicating that Cyprus and Greece had jointly engaged the EIB to conduct this study. He emphasized that both nations aimed to advance the study, highlighting that the EIB has received necessary data from the implementing body.

He further explained the complexity and significance of feasibility studies, particularly for this European Union project, which has garnered unprecedented funding. Letymbiotis expressed confidence that progress towards the study's completion would occur by the year's end, based on the information available.

The Government's strategy, from the onset, has been to thoroughly clarify all facets of this crucial regional project to ensure timely and optimal completion. The study's outcomes will be evaluated in collaboration with the Greek Government and the implementing body.