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Two foreign-owned firms are expected to share the profits from some €70 million worth of public road-rebuilding contracts, outpricing major Maltese competitors who are now fuming, Times of Malta is informed. In contrast, industry sources pointed out, taxpayForeign firms expected to share profits of €70 million road-rebuilding contracts
Two foreign-owned firms are expected to share the profits from some €70 million worth of public road-rebuilding contracts, outpricing major Maltese competitors who are now fuming, Times of Malta is informed. In contrast, industry sources pointed out, taxpayers should be relieved knowing they would save millions of euros because a Turkish and a Sicilian company were likely be doing the job considerably cheaper than Maltese contractors would have done. Infrastructure Malta issued a €70 million call for tenders last February for the rebuilding of about 150 roads as part of the government’s €700-million pledge to redo all thoroughfares. Because of the volume of work involved, the tender was divided into six lots, so contractors could bid for different jobs, allowing them to share the work with others. However, the sources said, at the closing date of this tender, it resulted that the various Maltese consortia formed specifically for the project had submitted bids that cost much more than those of foreign competitors. The indications were that Turkish firm, Excel Sis Enerji Uretim Construction, whose major shareholder is based in Istanbul, would likely snatch four of the lots, as... Read more
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