Malta Will Announce Port Privatization Information Soon

Thursday, May 17, 2001
Malta will soon issue information about the privatization of Malta Freeport and Kordin Grain Terminal in Valletta Harbor, Finance Minister John Dalli said. He said 14 companies had expressed interest in the privatization of the freeport and nine in the grain terminal company. The government has just issued a call for proposals for the privatization of its Public Lotto Department. Dalli said 16 companies had shown an interest in the privatization of Mediterranean Offshore Bunkering Co. The company, based in Valletta Harbor, is engaged mostly in providing bunkering services for vessels. A due diligence exercise is being carried out ahead of the privatization of Malta International Airport. Auditors have been appointed for the sale of the government's 25 percent stake in Bank of Valletta, Dalli said. - (Reuters)

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