At its meeting today, the Council of Ministers chaired by the President of the Republic, Nicos Anastasiades approved the Development Policy for the Creation of Public Health Areas, Recharging Stations and Other Facilities in the Cyprus Motorway Network.
The creation of Public Health Areas, Recharging Stations and other Facilities on the Motorway Network is estimated to have multiple advantages, the main one being to meet the real service needs of users and vehicles travelling in the specific road environment of motorways, increasing the overall level of functionality of the public road network and contributing to individual policies of the Ministry of Transport, Communications and Works, such as road safety, the development of electrification of road transport, support for public transport and sustainable development objectives in general. They are also expected to support other State policies in the field of tourism, economic development and the creation of permanent jobs.
A key objective is also to save resources and create synergies through the use of existing and proposed public spaces and infrastructure, such as Bus Stations and Weigh Stations. The Public Sanitary Facilities, Recharging Stations and Other Facilities selected should provide services on a 24-hour basis.
These facilities will include sanitary facilities (male, female, disabled), as well as small café/kiosk facilities and charging points for electric vehicles. Sanitary facilities services will be offered free of charge. Any other services decided to be offered (e.g. cafeteria) will not be provided free of charge, with the aim that the revenues will cover part of the operating costs and/or the initial investment.
In addition, the Council of Ministers approved the Bill entitled "The Income Tax (Amendment) (No.4) Laws of 2022.
Its purpose is to broaden the existing tax exemption framework, in addition to an individual investor currently in place, to grant tax relief to a legal entity for an amount of investment towards an approved innovative small and medium-sized enterprise.
The Bill under consideration is included within the commitments of the National Recovery and Resilience Plan in Section 3.2 "Enhanced Research and Innovation" which aims to provide tax incentives to attract investment in the Research and Innovation sector, which is a milestone of the Recovery and Resilience Plan.
Contents of this article including associated images are belongs Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times
Source
