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Government offers MIDI €50 million ‘bailout’ to return Manoel Island

By Ivan Camilleri

The government has offered MIDI plc a €50 million compensation package in exchange for relinquishing its concession over Manoel Island, sources familiar with the negotiations told The Shift. The proposed settlement would effectively see taxpayers compensate the private consortium behind the long-delayed and unfinished project, allowing the island to revert to public control. According to … Continued