PRESS RELEASE BY THE MINISTRY FOR EUROPEAN AFFAIRS AND IMPLEMENTATION OF THE ELECTORAL MANIFESTO: 100% absorption rate for EU funds

At a press conference, Deputy Prime Minister Louis Grech said that “All the available EU structural and cohesion funds were utilised successfully, to the benefit of the Maltese people”.

With an absorption rate of 100 per cent for the European Regional Development Fund (ERDF), the Cohesion Fund (CF), and the European Social Fund (ESF), Malta registered the highest level of success in the use of EU funds, as it fully-utilised the Euros 987 million allocation for the 2007-2013 period.

This is a significant and commendable achievement, especially when one considers that by early 2013, only 30% of these funds had been utilized, continued Deputy Prime Minister Grech.

Grech said that these funds were channelled towards new investments to the benefit of SMEs, as well as in upgrading and extending infrastructural facilities. Particular focus was made on the environment, health, and other initiatives that positively-impact the quality of the lives citizens lead. These funds had improved the country’s human capital, including through measures that enhanced skills, employment, and social inclusion.

Specifically, Euros 136 million were allocated to education, Euros 74 million to healthcare, Euros 71 million to the environment, and Euros 51 million to the private sector, Mr Grech remarked.

The commitment to allocate a minimum of 10 per cent of Cohesion Policy resources for Malta (2007-2013) to interventions implemented fully or partially in Gozo, was also achieved.

During his intervention, Parliamentary Secretary for the EU Presidency 2017 and EU Funds Ian Borg said that the full absorption of the 2007-2013 EU Funds is reflected in the successful implementation of all the strategic objectives set in the relevant operational programmes. This was done through a number of interventions, which have positively contributed towards Malta’s competitiveness, attractiveness, and investment in human capital.

Parliamentary Secretary Borg explained that financial instruments such as the JEREMIE are examples with more than Euros 100 million euros invested in Malta, having assisted over 650 SMEs. The implementation of this instrument was complemented by the implementation of aid schemes for enterprises. Under these schemes, more than 575 of these were supported with a public eligible investment of Euros 32 million.

Parliamentary Secretary Borg made reference to the Oncology Hospital. With an investment of Euros 42 million, this is another project in the health sector offering advanced cancer treatment facilities in a comprehensive care setting. Structural funds have also supported government effort to invest in educational infrastructure. During the 2007-2013 programming period, Euros 18.9 million were invested in MCAST and Euros 14 million in the University of Malta, in order to increase Malta’s competiveness.

Borg also reiterated that the topic of transport is another important area targeted by the programme, and which has a direct impact on Malta’s competitiveness. More than Euros 10 million were invested in the ?irkewwa Terminal, with a view to reduce congestion and Gozo’s insularity. This project was complemented by other investments along the Ten-T route, and more than 20 kilometres of the road network were upgraded during the 2007-2013 programming period.

Parliamentary Secretary Borg also mentioned the environment as an important area. He emphasised that this programming period saw the construction of a new Mechanical and Biological Treatment Plant (MBT plant) in the North of Malta. Its aim is to reduce the amount of waste going to landfills. A South Sewage treatment infrastructure was also erected, with the aim of treating 80% of liquid waste before being discharged to sea. Other projects include the ?ittadella Masterplan and Fort St. Elmo Heritage Experience – Museum and Rampart Walk. As a result of these projects, historic buildings which were unused or underutilized were brought into a viable tourism/cultural use.

The Deputy Prime Minister said that EU citizens’ trust in the European project is reinforced by European funding, which remains one of the most important and visable means to restore credibility.

Mr Grech said that the 2014-2020 programming period involves over Euros 1 billion worth of investment in the Maltese economy. This investment will contribute significantly towards Malta’s economic growth and development, the creation of more and better jobs, as well as a better quality of life for citizens. Equally important is the contribution towards a more fair and inclusive society.

The Deputy Prime Minister concluded that these funds, with careful management and administration, will ensure a sound underlying structure for the Maltese economy. They will also provide all citizens with the best possible opportunities to grow and prosper in peace and security.

Source: Government of Malta

PRESS RELEASE BY THE MINISTRY FOR EUROPEAN AFFAIRS AND IMPLEMENTATION OF THE ELECTORAL MANIFESTO: 100% absorption rate for EU funds

At a press conference, Deputy Prime Minister Louis Grech said that “All the available EU structural and cohesion funds were utilised successfully, to the benefit of the Maltese people”.

With an absorption rate of 100 per cent for the European Regional Development Fund (ERDF), the Cohesion Fund (CF), and the European Social Fund (ESF), Malta registered the highest level of success in the use of EU funds, as it fully-utilised the Euros 987 million allocation for the 2007-2013 period.

This is a significant and commendable achievement, especially when one considers that by early 2013, only 30% of these funds had been utilized, continued Deputy Prime Minister Grech.

Grech said that these funds were channelled towards new investments to the benefit of SMEs, as well as in upgrading and extending infrastructural facilities. Particular focus was made on the environment, health, and other initiatives that positively-impact the quality of the lives citizens lead. These funds had improved the country’s human capital, including through measures that enhanced skills, employment, and social inclusion.

Specifically, Euros 136 million were allocated to education, Euros 74 million to healthcare, Euros 71 million to the environment, and Euros 51 million to the private sector, Mr Grech remarked.

The commitment to allocate a minimum of 10 per cent of Cohesion Policy resources for Malta (2007-2013) to interventions implemented fully or partially in Gozo, was also achieved.

During his intervention, Parliamentary Secretary for the EU Presidency 2017 and EU Funds Ian Borg said that the full absorption of the 2007-2013 EU Funds is reflected in the successful implementation of all the strategic objectives set in the relevant operational programmes. This was done through a number of interventions, which have positively contributed towards Malta’s competitiveness, attractiveness, and investment in human capital.

Parliamentary Secretary Borg explained that financial instruments such as the JEREMIE are examples with more than Euros 100 million euros invested in Malta, having assisted over 650 SMEs. The implementation of this instrument was complemented by the implementation of aid schemes for enterprises. Under these schemes, more than 575 of these were supported with a public eligible investment of Euros 32 million.

Parliamentary Secretary Borg made reference to the Oncology Hospital. With an investment of Euros 42 million, this is another project in the health sector offering advanced cancer treatment facilities in a comprehensive care setting. Structural funds have also supported government effort to invest in educational infrastructure. During the 2007-2013 programming period, Euros 18.9 million were invested in MCAST and Euros 14 million in the University of Malta, in order to increase Malta’s competiveness.

Borg also reiterated that the topic of transport is another important area targeted by the programme, and which has a direct impact on Malta’s competitiveness. More than Euros 10 million were invested in the ?irkewwa Terminal, with a view to reduce congestion and Gozo’s insularity. This project was complemented by other investments along the Ten-T route, and more than 20 kilometres of the road network were upgraded during the 2007-2013 programming period.

Parliamentary Secretary Borg also mentioned the environment as an important area. He emphasised that this programming period saw the construction of a new Mechanical and Biological Treatment Plant (MBT plant) in the North of Malta. Its aim is to reduce the amount of waste going to landfills. A South Sewage treatment infrastructure was also erected, with the aim of treating 80% of liquid waste before being discharged to sea. Other projects include the ?ittadella Masterplan and Fort St. Elmo Heritage Experience – Museum and Rampart Walk. As a result of these projects, historic buildings which were unused or underutilized were brought into a viable tourism/cultural use.

The Deputy Prime Minister said that EU citizens’ trust in the European project is reinforced by European funding, which remains one of the most important and visable means to restore credibility.

Mr Grech said that the 2014-2020 programming period involves over Euros 1 billion worth of investment in the Maltese economy. This investment will contribute significantly towards Malta’s economic growth and development, the creation of more and better jobs, as well as a better quality of life for citizens. Equally important is the contribution towards a more fair and inclusive society.

The Deputy Prime Minister concluded that these funds, with careful management and administration, will ensure a sound underlying structure for the Maltese economy. They will also provide all citizens with the best possible opportunities to grow and prosper in peace and security.

Source: Government of Malta