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01 July 2008
 New Offices Inaugurated
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Valletta Gateway Terminals has moved to new offices within the Maritime Centre in Floriana.
VGT has made a number of differences since it took over cargo handling and port operations. Port Minister Austin Gatt said at the official opening of the new offices that it had considerably improved the cargo handling services, making this one of the most successful privatisations.
The government plans a number of projects for Grand Harbour, including repairs to the breakwater infrastructure, the upgrading of Deep Water Quay, the development and extension of Fuel Wharf and Laboratory Wharf and the development of Boiler Wharf as a cruise liner berth.
Government has allocated €60 million in EU Cohesion funds for these port projects.
There are also plans to move the Malta Maritime Authority completely out of operation into a purely regulatory role.
“MMA needs to move out of operational matters and instead focus on being a strong regulator. In the case of cargo handling, like in the case of the cruise liner terminal and other operators in our harbour, the MMA should not operate but regulate.
“A change is also required for the financing model of the authority so that it will be able to deliver important capital projects with the least burden on central funds,” he said.
Photo: From left: Minister Austin Gatt, Peter Darley (managing director) and Ray Fenech (VGT director)
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