Could we see the Chalet in Tower Road, Sliema be rehabilitated to its former glory? The Malta Strategic partnership Projects Ltd (MSPP) has announced a proposal to undertake this restorative project.
The MSPP has issued a call for proposals from the private sector and asked that the proposals are a capital investment of a minimum of €3.2 million.
The MSPP revealed that along with this initial investment, a subsequent investment of €1.4 million every 7 years and another €3.2 million investment over the period of the 28th and 30th year of concession (which spans over 65 years will be required.
Prime Minister Robert Abela had announced in October that the cabinet approved three projects for which public calls will be issued. These projects include the Chalet as well as il-Pixkerija and Evans Building.
The public call will close on the 1st of February 2023. The MSPP said that the Chalet’s present state is one of abandonment and has been so for around 60 years.
Studies in 2002 revealed that around 53 full-time jobs can be created by renovating the site. The project could also contribute to a value of €2.5 million.
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