More EU funds will be dedicated to Gozo to ensure that the island is adequately compensated for its double insularity, the Prime Minister said this morning.

Speaking during a business breakfast with the Gozitan business community, Lawrence Gonzi said that in the next seven years, Gozo will not only qualify for 10 per cent of the €1.128 newly negotiated EU funds but would also gain around 20 per cent of the funds dedicated to Malta for regional development.

"We believe in Gozo's potential and we put money where the island's mouth is," he told the businessmen.

"This is why we took a political decision to increase Gozo's funding so that the island can continue to make a quality leap."

Dr Gonzi said that during the past five years the government invested heavily in Gozo. He mentioned major infrastructural  projects, including the building of new arterial roads, the restoration of Villa Rundle, and the development of the ferry terminals in Mgarr and Cirkewwa.

 

 

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