Turkey, North Cyprus sign $450 mln water deal

Speaking after the signing ceremony, Eroğlu said securing enough water and electricity were two strategically important goals for the KKTC and added that the KKTC would develop faster thanks to the water brought from Turkey. The Turkish Cypriot state is currently self-sufficient in regard to electricity, said Eroğlu, but it is likely to be in need of electricity transferred underneath the Mediterranean Sea given its growing economy, especially the tourism sector.

21.07.2010

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