Issue link: https://maltatoday.uberflip.com/i/794736
maltatoday, SUNDAY, 5 MARCH 2017 17 News PAUL COCKS THE revised Paceville masterplan might not be ready for publication before the next general election, and the Planning Authority was still working on a batch of tenders to issue with relation to the project, Planning Parliamentary Secretary Deborah Schembri told MaltaTo- day. "There is no intention on the part of the government to hinder or stop the process, but – as also pointed by all interested parties – we realise it is better to take as long as necessary but have as wide a public consulta- tion as possible and a rigorous final plan, instead of hurrying things up to have them ready before a target date, like an election," she said. Schembri, who was speaking to MaltaToday on Friday after a press conference at Castille, said that the PA was still drawing up the tenders it needed to issue, including those for masterplanners, but insisted the government remained committed to seeing the Paceville masterplan process through. "As a government, we do not dis- tinguish between what will be ready before the election or after, and we consider instead the public good and not the timing of the next elec- tion," she said. "Whatever needs to be done we will do it diligently." Schembri acknowledged that the process needed to take into consid- eration public opinion and that was why the public consultation exer- cise had been held in the first place. She stressed this entire process was part of the original project. "It was always the plan to have a first draft, followed by a public consultation process, followed by a second draft and another public consultation, so this did not come out of the blue," Schembri said. "To formulate an extensive mas- terplan for Paceville, you need a certain amount of time, but the im- portant thing is to get on with it." EUR 25,000,000 4.4% UNSECURED BONDS 2024 Von der Heyden Group Finance p.l.c. (the "Issuer") announces the offering to the public of €25 million Unsecured Bonds ("Bond/s") due in 2024 at the rate of 4.4% per annum with a nominal value of €1000 per Bond issued at par. The Bonds are guaranteed by Timan Investments Holdings Limited. (Timan Investments Holdings Limited is the parent company of the Issuer). VDH Group has over 25 years of real estate development experience in Europe including Malta, Spain, United States, Poland and Germany. Since 1989 the group concluded investment programs in the real estate markets with a value of more than approx Euro 350 million. The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors are urged to read the Prospectus dated the 30 th January 2017 especially the sections entitled Risk Factors and are to refer to the guarantee contained in Annex B of the Securities Note forming part of the prospectus for a description of the scope, nature and term of the guarantee. Copies of the Prospectus may be obtained free of charge during office hours from the office of Calamatta Cuschieri Investment Services Limited (as Sponsor) at Ewropa Business Centre, Triq Dun Karm, B'Kara. The Prospectus may also be downloaded from the following websites: Calamatta Cuschieri Investment Services Limited - www.cc.com.mt Von der Heyden Group Finance p.l.c - www.vdhgroup.com Offer Extended till the 10th of March 2017. Prospective investors are urged to consult a duly authorised investment advisor for advice prior to investing in the Bonds. Von der Heyden Group Palazzo Spinola 46, St. Christopher Street Valletta, VLT1464 Malta Tel.: +356 27792200 Web: www.vdhgroup.com ISSUED BY VON DER HEYDEN GROUP. NEW BOND ISSUE SPONSOR, MANAGER & REGISTRAR 25 688 688 info@cc.com.mt CALAMATTA CUSCHIERI IS LICENSED BY THE MFSA. Reworked Paceville masterplan will not be published before elections Management plans for natural 'gems' launched MANAGEMENT plans for natu- ral gems such as Filfla, Buskett and Ramla l-Hamra in Gozo were yes- terday launched by the Environ- ment and Resources Authority. 22 management plans and eight conservation orders have been prepared as part of ecological pri- orities set out for the management of all land-based Natura 2000 sites, including coastal cliffs, woodland, sand dunes and other islands. These policy documents address urgent and important challenges to safeguard the ecological quali- ties of the sites which cover more than 13% of Malta's geographical area. Environment minister Jose Her- rera described the country's natu- ral heritage as a "gem" and under- lined the importance of generating green jobs and in attracting further investment to the island. "This is an important occasion and an opportunity to celebrate biodiversity and our rich ecosys- tems, after six years of studies," he said. "Today is another milestone that could only be achieved after the demerger that gave rise to the ERA." Herrera said the focus should now shift to the implementation of these management plans and con- servation orders and invited gov- ernmental and non-governmental institutions, together with other stakeholders to participate in the implementation of these manage- ment plans. He also praised the work of nu- merous eNGOs for their efforts in the sector and noted that six sites were in fact being managed entire- ly by such organisations. The entire workforce for all sites will be provided by the parks di- rectorate. The management plans and con- servation orders for these Natura 2000 sites were prepared through a €1.3 million project spearheaded by the ERA and co-financed by the European Agricultural Fund for Rural Development (EAFRD) under Measure 323 of the Rural Development Programme.