Resolution passed to allow concession agreement for Sa Maison Marina with consortium
29 July 2016
A resolution to allow a concession agreement which would see the privatisation of Sa Maison Marina for a period of 25 years has been approved by the National Audit Office Accounts Committee.
The concession agreement was awarded to the Marina De Valletta Consortium, who are understood to have offered the best financial package.
Transport Minister Joe Mizzi explained that on 17 July, Transport Malta released an expression of interest for a concession agreement, which would see another 240 berthing spaces and six floating pontoons.
Mr Mizzi said that the concession agreement lays out environmental, maritime and safety standards which the consortium would have to adhere to. He also said that ongoing contact would have to be made with the relevant Local Councils and must be accessible to the public at all times.