Page 695 - ePaper

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

http://www.maltatoday.com.mt/news/data_and_surveys/45926/maltat

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Barriers to execution:

 Technical studies to confirm technical viability and budget costs
 Technical studies to confirm best execution sequencing in phases

 Regulatory and environmental issues
 Financing

Solutions:

The monorail could generate its own revenues if properly executed to
deliver what the population is strongly yearning for i.e. a reliable,

efficient and environmental friendly means of urban transport.

Government believes that successful implementation of this project will
unlock substantial economic potential as travellers will add at least 30

minutes per day to productive work or social quality time, which is
currently being wasted blocked in traffic. It will stimulate the much
desired increase in female labour participation as parents can reliably

plan the daily commute of their children to school/kindergartens rather
than having to drive them back and forth individually.

Efficient public transport will further enhance the attraction of other

productive sectors of the economy especially tourism, manufacturing
and services.

This project is capable of being financed on a PPP framework, provided:

 Government will co-finance the investment by conducting all

technical, environmental and regulatory studies.
 EU – EIB will co-finance with equity and mezzanine finance

 Private sector will invest enough to bring the government/

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

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