Post by pigeonpie on Jan 29, 2009 22:53:52 GMT
Public investment to reach 181 million euros this year
C.M.W. Maó
In response to doubts expressed regarding the effectiveness of measures to be taken by the authorities to combat the economic crisis, the President of the Island Council replied that direct public investment in Menorca this year would reach 181 million euros, a sum that he felt to be sufficient to halt the recession.
Marc Pons admitted that the Island Council was limited in the action it could take but was confident that the protection offered by the regional and State governments would safeguard the future. “We have the mechanism, although limited, to overcome this situation and place ourselves in the best position for when the wind becomes favourable again”, he stated, explaining that the Island Council’s strategy was based on long term and short term actions.
In addition to the 181 million euros that Menorca will receive in direct investments, further funds will be forthcoming in respect of the Plan ARI (to reform properties in the old quarters of towns), the Plan Renove (to modernise tourist establishments), the programme to detect water leaks announced a week ago by the Balearic Government and valued at half a million euros, and the scheme to develop tourist cycling routes which will receive 450,000 euros.
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C.M.W. Maó
In response to doubts expressed regarding the effectiveness of measures to be taken by the authorities to combat the economic crisis, the President of the Island Council replied that direct public investment in Menorca this year would reach 181 million euros, a sum that he felt to be sufficient to halt the recession.
Marc Pons admitted that the Island Council was limited in the action it could take but was confident that the protection offered by the regional and State governments would safeguard the future. “We have the mechanism, although limited, to overcome this situation and place ourselves in the best position for when the wind becomes favourable again”, he stated, explaining that the Island Council’s strategy was based on long term and short term actions.
In addition to the 181 million euros that Menorca will receive in direct investments, further funds will be forthcoming in respect of the Plan ARI (to reform properties in the old quarters of towns), the Plan Renove (to modernise tourist establishments), the programme to detect water leaks announced a week ago by the Balearic Government and valued at half a million euros, and the scheme to develop tourist cycling routes which will receive 450,000 euros.
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