Business Plan Expert – Nicosia

Nicosia, Cyprus
Industry Sector:
International Public Sector
Type of contract:

Business Plan Expert – Nicosia

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Cyprus joined the EU in 2004 as a de-facto divided island. On 26 April 2004 the Council of the European Union stated its determination to “put an end to the isolation of the Turkish Cypriot community and to facilitate the reunification of Cyprus by encouraging the economic development of the Turkish Cypriot community”. Against this background, the Commission implements an aid programme for the Turkish Cypriot community based on the Aid Regulation (EC No. 389/2006). The programme is managed by the Commission’s Structural Reform Support Service. The programme aims to facilitate the reunification of Cyprus by encouraging the economic development of the Turkish Cypriot community.

Based on a long-standing partnership and UNDP previous experience in implementing large and medium-size EU funded urban upgrading and infrastructure projects in the northern part of Cyprus, the European Commission requested UNDP to continue supporting this type of infrastructure projects through the establishment of a new instrument called “Local Infrastructure Facility”.

The Facility will help identify, screen, mature, prepare for tender, and implement local infrastructure investments, targeting the funding on competitive basis to ensure best value for money and providing support also to those communities with a lower technical and administrative capacity. This will in turn result in a greater positive impact on the standard of living of local populations and increase the visibility of EU interventions in the priority areas.

One of the priority areas is the project of Pedieos River/Kanlidere Rehabilitation Project

Pedieos River/Kanlidere Rehabilitation

One of the projects selected with a degree of maturity and considered as a priority project is the ‘Pedieos River/Kanlidere Rehabilitation (linear park) Project’. This project located in Nicosia will be implemented in both north and south and also within the UN buffer zone of Nicosia. It is a bi-communal project consisting of construction flood protection measures and a linear park (walking and cycling path) along a length of approx. 5.6 km of riverbed, to specifications similar to the already completed river linear park in the southern part of Nicosia.

EC commissioned a detailed Feasibility Study (FS) for the ‘Pedieos River/Kanlidere Rehabilitation Project’, completed in January 2019. The FS also includes operational, maintenance, personnel, energy, replacement costs for the selected option. The FS will be given to the expert as reference.

Duties and Responsibilities

Objectives of the Assignment

The objective of the assignment, using the outputs of the relevant Feasibility Study, the expert will develop a ‘business plan’ for the beneficiary for the Pedieos River/Kanlidere project, hereafter referred to as ‘facility’.

The business plan must be in such details as to give guidance to the beneficiary in putting place measures and procedures to implement the business plan.

Duties, Responsibilities and Deliverables/Outputs

Under direct supervision of the Project Manager and in close engagement with the beneficiary, the expert will:

  • Analyse the data given in the Feasibility Study for the Pedieos River/Kanlidere
  • Obtain information, data from the beneficiary regarding its’ human, admin, technical, financial setup for managing the ‘facility’ after completion
  • Assess possibilities of revenue generating actions especially the recreational areas in the project
  • Establish financial benchmarks for the additional revenue generating actions and services and related revenues in terms of moneys
  • Establish operational and maintenance costs of facilities and ledger these in expenditures
  • Establish revenues, incomes, contributions for the facility and ledger these in revenues
  • Collate a 10-year projection of revenues and expenditures; 10 years from 2021
  • Collate a draft business plan covering all the aspects but not limited to the above
  • Presentation of the draft business plan to the stakeholders and obtaining feedbacks
  • Collate a final business plan which can be used by the beneficiary from 2021 to 2031

Required Skills and Experience


Master’s degree or equivalent in finance, business development, economics or any other related field


  • At least 5-year professional experience in developing business plans
  • Experience in working in Cyprus

Language Requirements:

  • Excellent English skills (both written and verbal)
  • Knowledge of Turkish and/or Greek language

Application closing date: 21 July 2019

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