Issue link: https://maltatoday.uberflip.com/i/1307485
THE LARGEST INDUSTRIAL INFRASTRUCTURE INVESTMENT PROGRAMME LAUNCHED €470 million in multiple investment projects over an eight-year period Investment: €5million Type: Airport infrastructure Sector: Aviation Objective: Upgrading of taxiway LIMA to provide access for wide- body aircraft to the MRO facilities at Park 4 within the Malta International Airport, namely Lufthansa Technik and the new SRT facility currently under construction. This will enable these companies to attract a wider range of clients by servicing aircraft they were unable to service before. Investment €79.6 million 1. Creation of plots and supporting infrastructure for large, medium and small enterprise; 2. Creation SME Parks for large, medium and small enterprise clusters; 3. Creation of a consolidated storage facility in return will free up various properties; and 4. Construction of various roads to create additional plots. Investment: €5m Size: 5,000 sqm Type: Car park Sector: Aviation Objective: As a pre-requisite by the Planning Authority to enable the proposed further extension of the MRO facilities, a 6-level car park facility is going to be developed primarily for use of by the tenants' employees. Car park is creating 600 car spaces, more or less reflecting the number of employees during the peak shift hours. This will facilitate access for employees to this developing aviation hub. Investment: €30 million • Type: Roads Objective: A considerable number of roads within the industrial estates are in need of major repair work or upgrading, and in certain instances newly built. This stems out from the fact that occupancy levels within INDIS Malta's industrial estates increased in a rather short time frame and that automatically triggered increased vehicle movements. In addition, the majority of the industrial estates are ungated and hence the use is indirectly open to public vehicle movements in many areas. Typically, Hal Far, Bulebel, Marsa, Kordin and San Gwann are amongst those estates that are considered more prone to public use, hence the wear and tear element is more evident. Investment: €15million Size: 30,000 sqm Type: Small to medium sized units Sector: Various industrial categories Objective: Evaluation of submissions from the private sector for the development and/or operation of industrial property on sites that are zoned for industrial use, which will then accommodate organized clusters within a business- friendly environment. The private sector will then participate in a joint project with INDIS Malta to develop and/or operate industrial property. While other countries have abandoned businesses and are seeking austerity measures, this Government is incentivising the business community through an investment of €470 million to modernize our infrastructure including the creation of 600,000 sqm of new industrial and environmentally friendly space, which will not only accomodate new FDI but will create thousands of quality new jobs and provide better quality work spaces and environments and more importantly contributing to sustainable economic growth. Silvio Schembri Ministry for the Economy Upgrading of taxiway LIMA New Industrial Facilities in Hal Far Public Private Partnerships Upgrading of road infrastructure Construction of car park at MIA Park 4 in Hal Farrug