Government denies Brindisi subsidy

The Ministry of Public Investments and Information Technology denied that the government was subsidising the Brindisi terminal, as Opposition Leader Alfred Sant was claiming. What the government had done was to guarantee a loan by a Maltese bank. The...

The Ministry of Public Investments and Information Technology denied that the government was subsidising the Brindisi terminal, as Opposition Leader Alfred Sant was claiming.

What the government had done was to guarantee a loan by a Maltese bank. The guarantee amounted to Lm4 million and not Lm6 million as quoted by Dr Sant, the ministry said.

The ministry denied that the sale of government-owned property in St Julians was connected to the Brindisi port issue.

Dr Sant had claimed that Pender Place and Mercury House, in St Julians, were going to be sold because they had been offered as a guarantee to the bank.

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