REVEALED
DOCKYARD PRIVATISATION IN SERIOUS TROUBLE

All offers fail to reach government’s expectations despite Fenech’s claims of 14 interested bidders

Matthew Vella
None of the offers that poured in for the sale of the Malta Shipyards and its ancillary facilities are deemed to have satisfied government’s expectations. The 14 offers, reportedly too low to even consider selling, have effectively stalled the timing for the privatisation process. The failure to clinch a bidder is a severe blow to the Gonzi administration following intensive efforts to cut down almost the entire workforce there through hefty early retirement schemes. >>