Issue link: https://maltatoday.uberflip.com/i/736806
maltatoday, SUNDAY, 9 OCTOBER 2016 6 News JAMES DEBONO THE Superintendence for Cultural Heritage and the Archeological Society of Malta are objecting to rock cutting in Triq Zbibu in San Gwann, in an area which contains cart ruts where two years ago the Planning Au- thority issued a permit for 54 flats instead of an old farm- house on condition that the archeological remains are not touched. The development was ap- proved in what was one of the last rural enclaves in San Gwann, despite objections by environmental NGO Flimkien Ghal Ambjent Ah- jar. Kappara Heights Limited is now proposing the widening of Sqaq Zbibu and the demo- lition of part of an old rubble wall as originally proposed by the developer in the ap- plication. The application foresees rock cutting to widen the street, the creation of park- ing spaces and more rock cutting to create a pathway. The developers are also pro- posing a landscaped "public open space" in the area fol- lowing the removal of a wall. The embellishment works will include benches and an information panel about the archeological site. The Mensija cart ruts, which are 72 metres away from the ones at Sqaq Zbibu, are classified as a Class B na- tional monument. The development involves extensive rock cutting to create parking spaces and improve accessibility to the development approved in 2014. While noting that the ap- plication is aimed at creat- ing "a better presentation of the archeological remains in the new urban context", the Superintendence insists that this aim can still be achieved without resorting to any rock cutting. Secure Investment Secure Investment Issue of Issue of €100,000,000 100,000,000 in in Fixed Rate Malta Fixed Rate Malta Government Stocks Government Stocks (subject to the over (subject to the over-allotment option allotment option up up to a maximum of to a maximum of €60,000,000 60,000,000) MALTA GOVERNMENT STOCKS MALTA GOVERNMENT STOCKS STOCK STOCKTAL TAL-GVERN GVERN _______ _______ (i) (i) 1.5% 1.5% Malta Government Stock Malta Government Stock (Fourth Issue) (Fourth Issue) Fungibility Fungibility Issue Issue maturing aturing in in 2022, 2022, and and (ii) (ii) 2. 2.1% Malta % Malta Government Stock Government Stock (First Issue) (First Issue) maturing in 2039 maturing in 2039, , or or (iii) Any combination of the above two Stocks which in the aggregate shall be €100,000,000 Fixed Rate Malta Government Stocks Applications Applications open open on on Monday Monday 17 17 th th October, October, 2016 2016 at at 8.30 30 a.m. and and close close on on the the time time and and dates dates as as hereunder, hereunder, or or earlier earlier at at the the discretion discretion of of the the Accountant Accountant General General: The Treasury announces the issue of €100,000,000 Malta Government Stocks subject to an over- allotment option up to a maximum of €60,000,000 as follows: MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID INTEREST PAID UP TO UP TO THE DAY OF RE THE DAY OF RE-SALE OF SALE OF STOCK STOCK SECURITY SECURITY CONTINUOUS LIQUIDITY CONTINUOUS LIQUIDITY INTEREST EVERY SIX MONTHS INTEREST EVERY SIX MONTHS (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, The Mall Building, The Mall Treasury Department, The Mall Building, The Mall - Floriana, Floriana, Malta Malta The The Price Price for for each each Stock Stock at at (i) and and (ii) (ii) above, above, offered offered for for subscription subscription by by members members of of the the public public shall shall be be established established on on Thursday Thursday 13 13 th th October, October, 2016 2016, based based indicatively indicatively on on the the prevailing prevailing secondary secondary market market prices, prices, and and shall shall be be announced announced through through a Press Press Release Release issued issued by by the the Department Department of of Information Information (DOI) (DOI). • at at 5.00 00 p.m. on on Wednesday Wednesday 19 19 th th October, October, 2016 2016 for for applications applications by by any any single single and/or and/or joint joint applicants applicants which which in in the the aggregate aggregate do do not not exceed exceed €100 100,000 000 per per person, person, and and • at at 12 12.00 00 (noon) (noon) on on Monday Monday 24 24 th th October, October, 2016 2016 for for applications applications in in the the form form of of sealed sealed bids bids (auction) (auction). Application Application forms forms may may be be obtained obtained from, from, and and lodged lodged at, at, all all Members Members of of the the Malta Malta Stock Stock Exchange Exchange and and other other authorized authorized Investment Investment Service Service Providers Providers on on the the indicated indicated dates dates. Application Application forms forms may may also also be be downloaded downloaded from from the the Treasury's Treasury's website website at at www www.treasury treasury.gov gov.mt mt with with effect effect from from Friday Friday 14 14 th th October, October, 2016 2016. Bids Bids on on the the prescribed prescribed forms forms are are to to be be transmitted transmitted by by fax fax on on 2596 2596 7210 7210 or or by by e-mail mail at at the the e-mail mail addresses addresses indicated indicated on on the the application application forms forms or or deposited deposited in in the the Tender Tender Box Box at at the the Treasury's Treasury's premises premises in in Floriana Floriana. Excavations proposed in archeological site in San Gwann