Muscat sets up €10 million ‘major projects’ company under Mimcol

The Office of the Prime Minister has constituted a new company under the aegis of investment vehicles Malta Government Investments and Mimcol, to handle major public projects.

Projects Malta, with an authorized share capital of €10 million, is being led by Alfred Camilleri, permanent secretary for the finance ministry, General Workers Union lawyer Aron Mifsud Bonnici, ARMS chairman William Wait, and one of the partners in EMCS Ltd, Adrian Said – a firm better known in the public as having been in the news due to the employment of Opposition leader Simon Busuttil and its receipt of direct orders from the former Nationalist administration.

Former Illum editor Julia Farrugia has been appointed to the post of communications and stakeholder management.

The company is operating from the same offices of Malita Company Ltd, the special purpose vehicle financing the new parliament building.

It is understood that major infrastructural projects and other investment ventures in property, will be handled by Projects Malta.