The costs associated with speed cameras will be shouldered by violators themselves, following a decision by the Finance Ministry that wants to keep the state completely out of the whole operation.
Despite initial plans aiming to fund speed camera installation and maintenance costs through a joint venture involving state and private money, the latest decision has come along to change all that.
Now, the Finance Ministry favours the idea that the operation of a traffic camera network should be self-funded, and that the selected private investor ought to recover the money from speed violators.
It is still not clear how many speed cameras will be installed, but according to daily Phileleftheros, there will be an emphasis on mobile cameras installed mainly on highways.
The previous camera system was scrapped due to technical errors, mismanagement, and criticism that it did not do anything to curb speed violation.
There are currently only two speed cameras in the south, both on Griva Digeni Avenue in Nicosia, bringing an estimated €2 million in state revenue each year.