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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Malta : € 40,000,000
    Urban development : € 40,000,000
    Signature date(s)
    25/06/2012 : € 15,000,000
    25/06/2012 : € 25,000,000

    Summary sheet

    Release date
    25 January 2012
    Status
    Reference
    Signed | 25/06/2012
    20110455
    Project name
    Promoter - financial intermediary
    Valletta City Gate Project

    Government of Malta, through the Ministry of Finance, the Economy and Investment and the Ministry of Infrastructure, Transport and Communications. Project management is the responsibility of the Grand Harbour Regeneration Corporation (GHRC), a fully State-owned company.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 40 million
    Up to EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    Construction in the Maltese capital, Valletta (a UNESCO world heritage site), of a new city gate, a new Parliament building and a piazza and performing space at the site of the former Royal Opera House destroyed during World War II.

    The construction of the new Parliament and the improvement and upgrading of urban infrastructure are both a condition for the city’s continuing sustainable social and economic development, upgrading of the urban environment and developing of the existing attractions such as urban landscape and cultural heritage buildings.

    The project would thus contribute to the city’s regeneration and long-term economic growth, in the country that has a strong dependence on tourism.

    Environmental aspects
    Procurement

    The construction of a public building falls under Annex II of the EIA Directive 85/337/CE, as amended by Directives 97/11/EC and 2003/35/EC (urban development project), according to which the competent authority decides on the full EIA on a case by case basis.

    Environmental issues will be discussed and examined at appraisal stage, together with the verification of the correct application of EU relevant Directives, explicitly those on environment (the EIA Directive and its subsequent revisions as cited above, the SEA Directive, as well as the EU Habitats Directive and Birds Directive), and the Directive on Energy Performance of Buildings.

    The Bank will require the promoter to ensure that all construction and services contracts for the implementation of the project are tendered in accordance with the relevant EU procurement legislation with parallel publication of tender and contract notices in the EU Official Journal, as and where appropriate. Procedures will be assessed during appraisal.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - VALLETTA CITY GATE PROJECT
    Publication Date
    21 Jun 2016
    Document language
    Main Topic
    Lending
    Document Number
    67171802
    Document Focus
    Environmental Information
    Project Number
    20110455
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - VALLETTA CITY GATE PROJECT
    Publication Date
    7 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    66005236
    Document Focus
    Environmental Information
    Project Number
    20110455
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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