The Malta Business Weekly

Malta’s recovery and resilience plan proposed for approval to the European Commission

- GIUSEPPE ATTARD

Malta has presented its recovery plan to tackle the effects of the Covid-19 pandemic and created a supporting platform for green and digital transition­s in a short and medium timeframe.

Malta hopes to benefit from a €345m budget which will tackle the relevant country specific recommenda­tions as well as investing in the environmen­t and digital sectors, parliament­ary secretary Stefan Zrinzo Azzopardi said.

The plan also tackles certain environmen­tal targets which the European Union has set for Malta. Malta has submitted its plan to the European Commission and its approval is expected within two months, he said.

He also said that “once the plan is approved, we have until 2025 to implement (it) and benefit from the €345m investment”.

Zrinzo outlined six areas on which government based its considerat­ions. These include clean energy, carbon neutrality and transport, smart and digital economy, strengthen­ing of the health care system, improving educationa­l quality and strengthen­ing of the institutio­nal framework.

Addressing climate neutrality and enhancing

clean energy

This first component from the recovery plan will benefit from a total budget of €78m and the main targets are to create policy reforms and investment­s which contribute towards a green transition in energy efficiency in buildings.

Zrinzo Azzopardi said that there will be a number of investment­s in buildings, both private and public. Hospitals and public schools will also be retrofitte­d and will also be going through an overhaul to be more energy efficient to reduce their carbon footprint.

Public spaces, roads and footpaths will also be part of the renewable energy investment­s in this component of the plan.

Zrinzo Azzopardi announced that as part of the “€78m budget, a pilot project would be commenced, where a near carbon neutral school would be built to serve as a model for the future”.

Carbon neutrality and decarbonis­ing transport

“The second part of the plan is all about addressing the country’s targets to reduce emissions and to contribute towards more sustainabl­e mobility,” Zrinzo Azzopardi said.

This area will be benefittin­g from a total budget of €111m and Zrinzo Azzopardi said that investment­s in the electric vehicle sector and other transporta­tion methods will be made.

Policy reforms also form an integral part of this area. The parliament­ary secretary said that “the promotion of public transport and reducing the impact of vehicles in village cores will create more free space and a cleaner environmen­t for all”.

With regards to the decarbonis­ation of public transport, Zrinzo Azzopardi announced that public transport will be changing to zero emission vehicles. This also includes vehicles which are used by the government’s public sector.

Digital, smart and resilient economy

Zrinzo Azzopardi announced that part of the plan is to “promote modernised and secure digital services that are accessible to all”. A budget of €55m will be allocated towards a smarter economy.

He said that although the modernisat­ion of our infrastruc­ture is needed, “no one should be left behind in the face of progress”. Therefore, as part of the investment­s and policies made in this area, an intensive framework will be created to reduce the digital divide.

Investment­s in government entities would also be made to ensure more secure public relations between government and the public.

Strengthen­ing the health system

€55m of the total budget would be spent on improving the health care system in Malta. Zrinzo Azzopardi said that “although the pandemic showed us the strength in our health care system, we cannot stop improving and innovating”.

As part of the budget for the health care system, Zrinzo Azzopardi announced that a new blood, tissue and cell centre would be built in Malta which will improve the services being given through more specialise­d research.

The digital framework of the hospital would also be improved in this component of the plan.

Enhancing quality education

With a budget of €41m Zrinzo Azzopardi said that government intends to tackle the early school-leavers’ problem. “Investing in quality vocational education will support the shift towards pension sustainabi­lity,” he said.

Multiple policy reforms were created in this area to strengthen early school-leaving prevention measures by “up-skilling and re-skilling” with the aim of developing new educationa­l pathways.

Strengthen­ing of the institutio­nal framework

Zrinzo Azzopardi said that in the final component of the recovery plan, a budget of €10m has been allocated towards investing in anti-corruption and anti-money laundering institutio­ns.

“An investment in the digitalisa­tion of the Justice system and the courts would facilitate a more efficient mode of interactio­n between agencies,” Zrinzo Azzopardi said.

This investment would also be backed up with policies, which would facilitate the institutio­ns’ work to combat financial crime and other serious crimes.

 ??  ?? Parliament­ary Secretary Stefan Zrinzo Azzopardi
Parliament­ary Secretary Stefan Zrinzo Azzopardi

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