PN Leader, de­vel­op­ers dis­cuss in­fra­struc­ture, pub­lic trans­port and the en­vi­ron­ment

Malta Independent - - NEWS - Julian Bon­nici

Op­po­si­tion Leader Si­mon Busut­til yesterday out­lined a num­ber of pro­pos­als dur­ing a meet­ing with the Malta De­vel­op­ers As­so­ci­a­tion this morn­ing, high­light­ing in­fra­struc­ture, pub­lic trans­port, and the en­vi­ron­ment.

Dr Busut­til spoke about the introduction of a 10 year mas­ter plan in im­prov­ing na­tional in­fra­struc­ture. The plan, which would not be sub­ject to an­nual bud­gets, would be the largest in­fras­truc­tural in­vest­ment ever, ac­cord­ing to the PN Leader. He said that the plan, which would fo­cus from pave­ments to roads, would be ex­plained in depth over the com­ing weeks.

The con­struc­tion of a light rail­way or tram sys­tem was also high on the PN’s agenda, with Dr Busut­til adding that this state of the art and mod­ern pub­lic trans­porta­tion sys­tem was sta­tis­ti­cally proven to be highly ef­fi­cient and sees a sig­nif­i­cant shift from pri­vate trans­port users to pub­lic trans­port users.

Dr Busut­til said that the project would be of ben­e­fit to the en­tire na­tion and would ex­tend to both Malta and Gozo. He fur­ther added that the con­struc­tion of the Gozo-Malta tun­nel should be ex­plored if it were found to be ge­o­log­i­cally fea­si­ble.

Dr Busut­til also spoke of the introduction of in­cen­tives in or­der to al­low ur­ban re­gen­er­a­tion to flour­ish. He said he would in­tro­duce re­duc­tions in Cap­i­tal Gains Tax in in­vest­ments in des­ig­nated ar­eas such as Ham­run, Marsa and Qawra which needed re­gen­er­a­tion.

With re­gards to the en­vi­ron­ment, Dr Busut­til also spoke of fur­ther re­duc­tions in the Cap­i­tal Gains Tax for per­sons whose res­i­dences had high en­ergy ef­fi­ciency. These fis­cal in­cen­tives were also ex­tended to busi­nesses, namely Con­struc­tion com­pa­nies, who up­grade their en­vi­ron­men­tal stan­dards to the high­est qual­ity.

Malta De­vel­op­ers As­so­ci­a­tion chair­man San­dro Chet­cuti agreed that in­fra­struc­ture and the en­vi­ron­ment are the back­bone of the econ­omy and that in­vest­ment is es­sen­tial in sus­tain­ing the boom­ing econ­omy.

With re­gards to the en­vi­ron­ment San­dro Chet­cuti spoke of the im­por­tance of NGOs join­ing the con­ver­sa­tion. How­ever, he stressed that aware­ness is sim­ply not enough, and so­lu­tions need to be found with this grow­ing prob­lem.

The as­so­ci­a­tion, which works closely with mem­bers of the in­dus­try en­sured that de­vel­op­ers would not suf­fer. Mr Chet­cuti also stressed the im­por­tance of long-term in­vest­ment out­side of the prop­erty mar­ket. He men­tioned the introduction of reg­u­la­tion in the real es­tate mar­ket which would see the in­dus­try have knowl­edge­able ca­pa­ble work­ers.

Mr Chet­cuti said he be­lieved that pub­lic land should no longer be sold be­low mar­ket value since the need to kick start the in­dus­try is no longer needed due to the cur­rent de­mand in the prop­erty.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.