Page 685 - ePaper

SPECIAL TASK FORCE ON DEVELOPING INVESTMENT PROJECT
PIPELINE IN THE EU- MALTA PROJECT LIST

 Private sector will invest enough to bring the government/

private/EU- EIB equity/mezzanine funding up to 50% of the
project costs.

 Any equity shortfall could be offered to Development Banks,
Private Equity Funds and Sovereign Wealth Funds.

 The remaining 50% end project financing will be raised through a
mix of traditional financing sources including long term loans from

banks and bonds raised on the Malta capital markets which are
very liquid.

 Some sort of government guarantee / insurance cover will have to
be procured for delay in completion and budget overruns due to

storm damage during construction.

Time Frames:

Technical Studies and regulatory / environmental approvals could be
completed within 24 months so that the project will become shovel

ready late 2016 if the financing is in place.

th
In the beginning of the 20 century it took 4 years to finish the job even
though storms forced restart for each breakwater arm of the project.
st
With 21 century technology completion within 2 years from start of
construction should be feasible.

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