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'No conflict of interest' in yacht yard privatisation

Transport Minister Austin Gatt has denied that one of the shareholders of the consortium which had taken over the Manoel Island Yacht Yard has a conflict of interest.

Labour MP Joe Mizzi said one of the shareholders was the chairman of Transport Malta, which regulated the transport sector.

Dr Gatt said in parliament that Transport Malta did not issue licences for shipyards such as the Manoel Island Yacht Yard, in the same way as it did not regulate and licence car mechanics and sprayers.

Therefore, there was no conflict of interest.

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