Outline Planning
On 23 April 2008 it was announced that the decision by SmartCity Malta to allocate more space for its business park meant that this park would employ more than 8,500 people, when the agreed figure for employment there had been 3,000. Smart City Malta, would have the space to employ 11,000, making it one of the biggest economic concentrations in Malta.
Smart City Malta formally submitted its outline planning application for the development at Ricasoli to the Malta Environment and Planning Authority (Mepa) on 29 April 2008. The submission includes a full Environmental Impact Assessment and Traffic Impact Assessment. SmartCity Malta has applied for up to 158,500 square metres of business space, which represents an increase of 54 per cent over the business space which Smart City Malta is contractually bound to develop. On the other hand, the gross floor area of the residential component has been reduced by 30 per cent, down to 60,000 square metres. In terms of the Outline Planning Application, the residential component makes up 19 per cent of the total gross floor area of the project.
The application also provides for a huge public open space of 118,000 square metres, to serve as a primary recreational area for neighbouring communities. The energy requirements for Smart City Malta will be of 41.2MW.
Smarty City Malta has been allocated a budget of €48 million for 2010. Smart City has also drawn up plans to market the project in China, Japan, Korea, Australia and Egypt.
Read more about this topic: Smart City Malta
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