NIDCO goes ahead with ferry lease

The Na­tion­al In­fra­struc­ture De­vel­op­ment Com­pa­ny (NID­CO) has no is­sue in sign­ing a one-year lease for the Jean de la Valette with Vir­tu Fer­ries, whose man­ag­ing di­rec­tor Fran­cis Portel­li, of par­ent com­pa­ny Vit­ru Hold­ings, has been in­volved in a huge oil scan­dal in Mal­ta and has al­le­ga­tions of mon­ey laun­der­ing and bribery still hang­ing over his head.

Malta ferry gets nod for seabridge

The pro­pos­al for the lease of the Jean De La Valette (JDLV) as a tem­po­rary in­ter-is­land fer­ry to ease up the seabridge woes is al­ready be­fore Cab­i­net.

Dur­ing an in­ter­view with Guardian Me­dia last Fri­day, Trans­port Min­is­ter Ro­han Sinanan said the new ves­sel, cur­rent­ly sched­uled to ar­rive by the end of May, will re­place the limp­ing T&T Ex­press, which Gov­ern­ment plans to sell, un­til two new fer­ries ar­rive in T&T next year. How­ev­er, he dis­missed sug­ges­tions this news was new, adding he had raised it in Par­lia­ment ‘about a month ago’.