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Projects Malta seeks future PPP ventures

William Wait, Executive Chairman of Projects Malta Ltd.

After its recent ascent to the world of national project conception and private-public partnerships, Projects Malta is now at a coming of age point where it needs to expand further and develop its remit.

Why was Projects Malta set up and what is its main remit?

Projects Malta Limited (PML) was created to serve as a central touchpoint for public-private partnerships (PPPs). We identify national interest projects and are seeking to attract private sector investment. We can be described as project instigators that promote and manage stakeholders in the initiation stages, while our sister company Projects Plus oversees implementation of the approved projects. However, the nature of our work saw us adopting a wider interpretation to our role. In fact, PML has already assisted in the creation of several joint ventures on behalf of Government. A prime example would be Trade Malta, a joint venture with the Malta Chamber of Commerce, Enterprise and Industry promoting the internationalisation of companies operating in Malta, as well as Yachting Malta alongside the Royal Malta Yacht Club which promotes Malta’s vibrant yachting services and facilities.

 

Infrastructure upgrades are a major hurdle that the country faces. What projects are currently being realised?

Transport is high on our agenda, and we do not shy away from unusual solutions. For instance, one project that is being implemented at the moment seeks to link the busy Sliema area, a major tourism and business hub, with the southern harbour region of Cottonera, passing right through the capital Valletta via a semi-submerged tunnel. When it comes to parking, we are currently shortlisting strategic locations for parking-lot developments. Another perfect example of Malta’s approach to PPPs is the health sector, where three hospitals are being upgraded in partnership with the private sector. We will soon be issuing a request for proposals for the construction and development of several retirement homes.


What is PML’s vision for the future?

Malta is open for business, we are interested in more PPP ideas with local and foreign investors. Education, health and energy are all areas of interest. We are looking at opening new schools to cater for the needs of the ever-increasing expat community. The government is also interested in the construction of new sports facilities for several disciplines, and the improvement of landscaping at existing beaches as well as the creation of new ones.

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