A project for a new €7.5m yacht marina at Sa Maison, Pieta' was launched by the prime minister yesterday.
The project, which Dr Muscat praised for its high standards, is being handled by a consortium of Italian and local entrepreneurs. Works start in September.
The Marina Di Valletta Consortium was first selected by Transport Malta to develop and run the marine last summer, having beaten four other bidders to secure the project.
In a speech Dr Muscat underlined the importance of the sea for Malta's economy.
"What we are launching today is clear demonstration of our vision to create new sectors in our maritime industry and our economy. This upmarket marina concept is what we need to up our game in the yachting sector.
"By raising our standards we want to attract the best people in the sector. The partnership between Azimut Benetti, Esprit Yachting and local entrepreneurs is surely a step towards higher standards in the yachting industry."
He said the government is committed to work with the private industry to provide
better standards and does not shy away from partnering with the business sector, taking a very professional pro-business approach.
"Having seen the plans for this marina I have to say that I am impressed with the standards the consortium is considering. A total €7.5m investment for high-end berthing facilities. The regeneration of Sa Maison area and a marina that shall satisfy the latest environmental norms related to fixed point facilities for black water extraction – which means that this marina will be ahead of the times before such environmental standards become mandatory. It is also of great satisfaction that this project is expected to be concluded in time for the coming season 2017.
"It is the sort of investment that would attract new people to Malta. I am sure that once berthed in Malta for the first time, get the right treatment whilst in the marina and start discovering the island, they will come back," Dr Muscat said.
'THE COUNTRY NEEDS TO UP ITS GAME'
"It is in this scenario that I must admit our country needs to up the game," Dr Muscat said.
"If they berth on high-end facilities, they must find a high-end country. Their first impression of the island starts at the marina, but really and truly those who want to explore the island need to find the right environment for them to come back.
"Our job is to continue upgrading the country, keep it clean and provide the right environment. Our history, culture, climate and the Mediterranean love of life will surely hit home with your clients. There is that little more to be done to upgrade our streets and amenities to continue to reflect the greatness of our small island."