The House National Audit Office Accounts Committee yesterday adjourned its meeting without agreeing to a resolution on the transfer of the old Valletta market to the Arcadia group.

This followed the Opposition’s insistence that financial scoring of the 11 bids shortlisted be compared with the group that made the most advantageous offer.

Parliamentary Secretary Michael Falzon said he had no problem submitting the comparisons in another meeting. He did not have these comparisons at hand because it was customary for the committee to discuss the resolution including the chosen bid. Dr Falzon said the investment would be to the tune of €5 million with a further investment of €2 million. The concept was to transform the Valletta market into a gastronomic experience similar to the food market in Madrid, which also included cultural activities.

Opposition deputy leader Mario de Marco said that the PN was not against the regeneration of the Valletta market but wanted more information on the number of bids and details on the process that led to the chosen bidder.

Dr Falzon said 20 offers were submitted which were shortlisted to 11. The highest bidder – the Arcadia group – had the most advantageous financial offer including the soundness of the project.