ERDF 327: Development at Safi Aviation Park

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Project Cost: €2,758,447

Beneficiary: Malta Industrial Parks Ltd.

Line Ministry:	Ministry for the Economy, Investment and Small Business
Start Date:	2013
End Date:	2015

Non Technical Short Summary Of Project

Malta Industrial Parks Ltd. (MIP) developed the basic infrastructure, namely taxiway, aprons and service infrastructure, as well as three hangars, creating a new space for the establishment of maintenance repairs and overhaul (MRO) facilities for small jets. This ensured that Malta will have the basic infrastructure to be in a position to further capitalise on the potential of the aviation sector.

Operational Programme:	OPI Investing in Competitiveness for a Better Quality of Life ERDF
Fund:	European Regional Development Fund
Operational Objective:	To promote and strengthen high value-added economic activity, including attraction of Foreign Direct Investment through investments in enterprise support infrastructure, including industrial facilities;
Priority Axis:	PA1 Enhancing Knowledge and Innovation
Focus Area Of Intervention:	OPIPA1 Enterprise Infrastructure

Project Objectives

The overriding objectives of this project are to:• Contribute towards the growth and diversification of the Maltese economy and the promotion of high value-added jobs;• To attract further local and FDI investments in MRO services and ancillary services.The main project outputs will be to:• Create additional basic infrastructure much needed by MRO entities to be able to house their operations in Malta;• To grow the MRO sector in Malta.

Project Results

• Three new tenants operating from Safi aviation Park• An increase in full time employees• An increase in space utilisation• Approximately 29,500 Square metres of Safi Aviation Park rehabilitated for usage.

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