The Installation Of The New Speed Cameras Will Be Financed By The Fines - Online Magazine Cyprus Inform
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24 Nov 2016
The installation of the new speed cameras will be financed by the fines

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According to the Ministry of Finance, the costs for the installation and maintenance of the speed camera on the roads will be paid from the fines.

Initially, the financing of the mobile cameras was done by the government and private investors. Now the Ministry supports the idea of self-financing of the system through the fines. It remains unclear how many cameras will be placed across the island.

Currently, there are only 2 working cameras on the island. Both are located on the Griva Digeni Avenue in Nicosia and they earn for the government an amount of 2 million Euros per year.