Hal Far race circuit to be ready before 2027 reveals budget

Oct 24 2022

Addressing the 2023 Budget, Finance Minister Clyde Caruana revealed that the Hal Far race track will be built by the end of this legislature.

The Labour Party came to power in March of 2022, meaning that the government has up until 2027 to finish the race circuit if it intends to finish it by the end of this legislature.

The blueprints for the circuit were already submitted, and the building is set to begin throughout this current legislature.

The Minister revealed that the investment in the National Development and Social Fund for the building of the Motorsport National Centre will see an upgrade to the current drag racing and karting tracks.

This has the aim of increasing the level of motorsports on the island as well as bringing international competition onto the island.

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Ħamrun, Marsa, Bormla & others will be first to benefit from €700 million ‘green lung’ investment

Oct 24 2022

During the Budget 2023 event, Finance Minister Clyde Caruana revealed that the government will establish a specialised agency to coordinate the implementation of one of the government’s main electoral proposals.

The new agency will oversee the allocation of a €700 million investment over 7 years on environmental projects, with the first villages to benefit from initial phase of the scheme being Bormla, Birzebbugia, Hamrun, Marsa, Siggiewi and San Gwann.

“These projects will lead to more gardens, urban greening projects and more open spaces to be enjoyed by Maltese & Gozitan families”, the document read.

The agency will also coordinate projects of green urban reclamation, such as that with WasteServ Malta, where what once was the San Antnin Plant will become another open space for families.

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Works to create 1,200 new electric charging points underway

Oct 24 2022

Work is currently being done to create 1,200 new charing points up until 2024 to complement the 340 which are already in place. Finance Minister Clyde Caruana said that the government will continue to encourage private companies and businesses to change their fleets into electric vehicles.

These companies will be benefitting from the scheme with no interest loans to complement the investments they made into electric vehicles and charging stations.

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Incentives for electric car buyers of up to €12,000

Oct 24 2022

Addressing the 2023 Budget, Finance Minister Clyde Caruana revealed that the government will continue to give incentives to those buying electric cars.

All persons who buy an electric car, including motorcycles, will be entitled to €11,000, which can rise up to €12,000. The amount will go up in case the scrapping scheme is utilised.

The grants on plug-in hybrids were revealed in last May, but everyone who ordered a plug-in vehicle up until May will have a guarantee even if the vehicle has not yet arrived in Malta and will arrive in 2023. The guarantee will reach up to €11,000. The entire spending on this measure will reach up to €20 million.

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