The Gozo Business Chamber would like to show its satisfaction that government has taken on board the recommendation to seriously consider the option of a subsea tunnel between the two islands and has in fact voted a substantial sum of money to be used for a technical and geological study for this project.
The GBC is confident that such a project will eventually bring the GDP of Gozo closer to that of Malta and thus, in turn, the whole country would benefit.
The initiative of offering a fiscal incentive to those employing people on at least a three-year contract in Gozo is also welcome. The GBC encourages government to continue to invest in the infrastructure of Gozo and especially to conclude as soon as possible on the Cruise Liner Terminal proposal and move forward on the setting up of a Green Airstrip.
The proposal to set up a new Gozo Museum is also a step in the right direction to enhance the attractiveness of Gozo in the cultural and tourism sectors.
On a general note, the proposal to set up a National Development Bank and the various schemes which Malta Enterprise is coming out with will definitely be a good boost to SMEs.
It is good to note that while government is continuing to invest in infrastructure and projects it is also targeting to reach a 1.6% deficit to GDP ratio by the end of this year.