The developers’ lobby has revealed that over two out of every three applicants for government grants will be able to purchase machinery which is more environmentally-friendly.
The Malta Developers Association welcomed the news that 69 applicants out of a total 94 have qualified for funding from a €4 million cash grant scheme which will allow companies to change dated machinery with low-emission replacements.
Grants can go up to €200,000 and companies which buy hybrid equipment may claim as much as half of their costs in an attempt to cut the construction industry’s carbon footprint.
“I am sure that this will motivate more companies to undertake similar investments. As MDA we fully support any similar initiatives as it is only through such measures that we can start making a real difference together”Í MDA vice-president Denise Micallef Xuereb noted.
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