Advert

Cabinet agrees details of marinas privatisation

The Cabinet this morning decided the details for the privatisation of yacht marinas currently operated by the Malta Maritime Authority, the Ministry of the Infrastructure,Transport and Communications said.

The marinas at Msida, Ta’Xbiex and Mgarr will be privatised after a call for interest is made by the Privatisation Unit. The three marinas have a total of some 1,000 berths out of a total of 1,635 for all of Malta.

Offers will be received for the management of the marinas on lease for 25 years. Interested companies will be asked to submit plans for investment and the provision of services, as well as the tariffs they will charge.

The government explained that in this way, the role of the MMA would be solely that of regulator.

At the same time, fresh efforts would be made for the development of new marinas in line with the government's vision to see this sector grow in a competitive environment..

Advert

3 Comments

Post comment

Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted.

At this time your comment will not be displayed immediately upon posting. Please allow some time for your comment to be moderated before it is displayed.

Your User Profile is incomplete.
Please click here to complete your profile before posting comments.

Advert
Advert