TG asks for clarification on the new Victoria Stadium project
The money to develop the stadium, as did the money to purchase the old Victoria Stadium grounds would be provided by the GFA, who would also invest further UEFA/FIFA funding “in the region of £15m in the redevelopment of the (new) Victoria Stadium and the old Sports Hall.”
This weekend, as new plans for the development of the Victoria Stadium emerged, we were informed of a new arrangement in which the Gibraltar Savings Bank will “sponsor” the development as an “investment … in the economic plan for Gibraltar.” Together Gibraltar would like to remind the general public that the Gibraltar Savings Bank is not a commercial bank, and that (as per GSB ACT 2019) “the repayment of all moneys deposited in the Savings Bank together with the interest thereon is guaranteed by the Government.”
This weekend, as new plans for the development of the Victoria Stadium emerged, we were informed of a new arrangement in which the Gibraltar Savings Bank will “sponsor” the development as an “investment … in the economic plan for Gibraltar.” Together Gibraltar would like to remind the general public that the Gibraltar Savings Bank is not a commercial bank, and that (as per GSB ACT 2019) “the repayment of all moneys deposited in the Savings Bank together with the interest thereon is guaranteed by the Government.”
MORE IN PANORAMA PRINT EDITION
23-11-22 PANORAMAdailyGIBRALTAR
