The Government announced on Thursday that it has concurred with and accepted the recommendations of the Evaluation Committee with regards the privatisation of the Marsa Shipbuilding and Steel Fabrication facility and the Manoel Island Yacht Repair facility. VGT (Valletta Gateway Terminal) Consortium was recommended to be selected as the preferred bidder for the Marsa Shipbuilding and Steel Fabrication facility and Manoel Island Yacht Yard Consortium for the Manoel Island Yacht Repair facility.

The Privatisation Unit has advised bidders in this process of the Government’s decision and will proceed to open negotiations with these bidders.