Tal-Handaq Nostalgia

Memories of the Royal Naval School, Malta, 1947 - 1978.

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All Quiet in the Dockyard Closed since March, but about to re-open following privatization. "The Neapolitan firm Palumbo SpA signed a 30-year emphytheusis agreement with the Maltese government for the take-over of the shiprepair section of Malta Shipyards. The transfer includes docks 4, 5, 6 and 7. The Cospicua shipyard was sold for €90.6 million. Palumbo will be paying €18 million upfront followed by €72.6 million in rent over 30 years." (Docks 2 & 3 for yacht repair are still up for sale.)

All Quiet in the Dockyard

Closed since March, but about to re-open following privatization.
"The Neapolitan firm Palumbo SpA signed a 30-year emphytheusis agreement with the Maltese government for the take-over of the shiprepair section of Malta Shipyards. The transfer includes docks 4, 5, 6 and 7. The Cospicua shipyard was sold for €90.6 million. Palumbo will be paying €18 million upfront followed by €72.6 million in rent over 30 years."
(Docks 2 & 3 for yacht repair are still up for sale.)
HV2.JPG HV1.JPG dock.jpg para2.jpg para1.jpg
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Filename:dock.jpg
Album name:Prefect / Then & Now
Filesize:93 KiB
Date added:Jul 08, 2010
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URL:http://www.talhandaqnostalgia.org/displayimage.php?pid=3057
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