Cabinet green lights plan for ship upgrades

first_imgThe cabinet on Monday authorised deputy ministry for shipping to come up with an incentives plan that would help Cyprus-flagged cruise companies which carry over 1.5m tourists per year to upgrade their vessels.Shipping Deputy Minister Natasa Pilides told the press after the meeting that upgrading would allow vessels to reduce pollutants, and provide assistance to passengers with mobility issues so that they can better access ships, among other benefits.The plan will come into force in September 2019 and €1m per year for three years has been allocated and it provides for up to 60 per cent cost coverage. Pilides said that companies should submit their applications to her ministry for assessment. The plan must be approved by the office of the commissioner for state aid control.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoModernizeIf Your Home Has Old Roofing, Read ThisModernizeUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img

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