The first offer concerns a Iacovou – Cyfield joint venture for €121 million plus VAT and the second an Atlas – Cybarco – Man JV tender for €150 million plus VAT.

The full terms of the tenders will be evaluated, starting immediately.

The new museum is set to replace the existing one built in 1908 by the British colonial government, and will house 6,500 antiquities in permanent exhibition spaces. It will also have spaces for temporary exhibitions, educational programmes, workshops, a library and an amphitheatre.

The new 40,000 square metre museum will be constructed across the street from the existing one, where the old Nicosia general hospital once stood.

It has been dubbed as “the biggest cultural project in the country.”

Source: Cyprus Mail