At its meeting today, the Council of Ministers under the President of the Republic Mr.Nicos Anastasiades approved the Development Policy for the Creation of Public Health Areas, Recharging Stations and other Facilities on the Motorway Network of Cyprus.
The creation of Public Health Areas, Recharging Stations and other Facilities on the Motorway Network is expected 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, Recharge Stations and Other Facilities selected should provide services on a 24-hour basis. These sites will have sanitary facilities (men's, women's, disabled), as well as small cafeteria / kiosk facilities and charging points for electric vehicles. Sanitary facilities will be provided 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) Law of 2022.
Its purpose is to broaden the existing tax exemption framework, beyond the currently applicable individual investor, to grant tax relief to a legal entity for an amount of investment towards an approved innovative small and medium enterprise.
The said Bill is included in the context of 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.
(PM/MB/SX)
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