The government is expected to have incurred a total of €6 million in fines for delays in the completion of the new parliament building, now due in September nearly two years late.

In January 2013, the government started paying Malita Investments, the owner and financing arm of the City Gate project, a daily fine of €10,000 for the parliament building.

This is because Malita was meant to have started receiving rents from the government in December 2012, the deadline for completion. Since that deadline was missed, Malita is receiving the penalty in lieu of the rent, which is of a similar amount.

The total amount due is expected to surpass the €6 million mark if the project is completed by September, as announced recently.

More on the e-paper on timesofmalta.com premium.

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