Page 696 - ePaper
P. 696
SPECIAL TASK FORCE ON DEVELOPING INVESTMENT PROJECT
PIPELINE IN THE EU- MALTA PROJECT LIST
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.
Time Frames:
Technical Studies, execution plans and regulatory / environmental
approvals and detailed financial feasibility studies could be completed
within a maximum of 18/24 months so that the project will become
shovel-ready in the second half of 2016 or early 2017 if financing is in
place.
Execution will be planned in four phases each involving a duration of 24
months so that the first phase will be completed by end 2018. It is yet to
be established whether some overlap of the phases would be possible
bearing in the mind the need to keep traffic flows manageable during
the execution stage of the monorail project.
Consideration will be given to using the rails and tunnels of the Malta
Railways which was a train service from Valletta to Mdina which started
in 1882 and was mothballed in 1931 when private car transport
rendered train service superfluous.
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21 | P a g e
PIPELINE IN THE EU- MALTA PROJECT LIST
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.
Time Frames:
Technical Studies, execution plans and regulatory / environmental
approvals and detailed financial feasibility studies could be completed
within a maximum of 18/24 months so that the project will become
shovel-ready in the second half of 2016 or early 2017 if financing is in
place.
Execution will be planned in four phases each involving a duration of 24
months so that the first phase will be completed by end 2018. It is yet to
be established whether some overlap of the phases would be possible
bearing in the mind the need to keep traffic flows manageable during
the execution stage of the monorail project.
Consideration will be given to using the rails and tunnels of the Malta
Railways which was a train service from Valletta to Mdina which started
in 1882 and was mothballed in 1931 when private car transport
rendered train service superfluous.
0-0-0-0-0-0-0
21 | P a g e
