Northern Cyprus has received record investments for infrastructure development. In Ankara, the largest Economic and Financial Cooperation Agreement in history was signed between the TRNC and Turkey for 2025. The agreement includes grants and credit support for infrastructure development, reforms, the public sector, and defense.
In 2025, 12.5 billion TL will be allocated to Northern Cyprus: 8.5 billion TL for investments in the TRNC and 4 billion TL as loans to cover current expenses.
Northern Cyprus 2025: Projects and Development
Work has begun on the construction of the Yonca Junction interchange on the main Nicosia–Kyrenia road and the Northern Ring Road. According to the Ministry of Public Works and Transportation, the Yonca Junction project includes three supports on each side and a central median. During the construction period (until April 1), traffic will be regulated.
On the initial kilometers of the highway, traffic will be limited to a single lane. Vehicles traveling from Kyrenia to Nicosia will be redirected to the Northern Ring Road. From there, drivers can reach the center of Nicosia or Gönyeli via the Dikmen NEÜ Yonca intersection.
The Yonca Junction project was approved in 2016, but its implementation has been repeatedly delayed.
The Mayor of Girne, Murat Şenkul, announced that the city will fund three projects over the next two years, focusing on roads, sewage systems, and the development of public spaces for socializing and sports.
In Yılmazköy, construction will begin on a new park, which includes 70 meters of walking paths and a 130 m² children’s playground.
The Technical Committee on Cultural Heritage in Cyprus has started restoring the Tuzla Mosque in Larnaca and the Latin Church of St. George in Famagusta.
A tender has been announced for the construction of a state hospital in Guzelyurt and a new state laboratory. Negotiations on establishing a solar power plant have started, and the second phase of the new state theater has been successfully completed.
If you are interested in real estate in Northern Cyprus in the most popular locations, request a free consultation via the online chat on the website. In January, developers in Northern Cyprus are offering attractive deals and discounts on seaside apartments.