Safi Aviation Park renovation delayed, threat of losing EU funds?

April 25, 2016

Hat: The renovation of the Safi Aviation Park has been delayed, as a result some EU funding risks being lost.

Funding Scheme: 2016-04-25

Pgm2014 2020: Yes

Amorce:

The renovation of the Safi Aviation Park has been delayed, as a result some EU funding risks being lost. Indeed, the money from EU funds had to be used by the end of last year, according to the rules in place, it means it is possible that the portion that was not spent will be lost.

Text:

The renovation of the Safi Aviation Park has been delayed, as a result some EU funding risks being lost. The park, which started construction in 2014, was supposed to be completed by March of last year. But the project will not be ready before this July, more than a year behind schedule.  
The project being partly funded by the EU, the money had to be used by the end of last year, according to the rules in place. This means it is possible part of the funding will be lost and Malta would have to finance the project from other sources.
The project, expected to cost about €4 million, consists of maintenance, repair and overhaul facility (MRO) to cater for aircraft. It involves the construction of three hangars, aprons and a maintenance access route, all in accordance with international aviation standards.

Url description: Time of Malta

Url: http://www.timesofmalta.com/articles/view/20160423/local/aviation-park-risks-losing-its-eu-funds.609717