articles | 19 May 2022

Bike subsidy plan to be modified to benefit vulnerable groups

The Minister of Transport, Communications and Works, Giannis Karousos, announced today amendments to the Incentive Plan for the purchase of a bicycle in order to allow more vulnerable groups to apply for bike subsidies.

In his statements, Karousos said that "today before the Council of Ministers an evaluation was made of the Incentive Plan for the purchase of a bicycle that we had implemented for the first time in 2021 with considerable success".

"It was a plan that exceeded all expectations as within eight hours about 8,000 applications had been received," he added.

He said that after the evaluation "with a budget of €200,000, a plan will be prepared with some modifications that will target vulnerable groups and those who really need to buy a bike. "

"Within the next month, the necessary changes and amendments to the plan will be prepared, in cooperation with the Ministry of Finance and the Ministry of Social Welfare, with the aim of approving the plan and announcing it before the end of June," said the Minister of Transport.

He thanked all those who participated in the preparation of these plans and assured them that he would be by their side to support cycling and the infrastructure that is needed to encourage more cyclists on the road.

Source: Knews

Cooperation Partners
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus Shipping Chamber
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Investment Funds Association