
Starting tomorrow, elderly people holding the 'Karta Anzjan' can travel free of charge on Gozo Ferries throughout the year. This has been made possible due to the relaunching of the scheme 'Imorru Ghawdex', and is based on Gozo Channel's success and projected record profits for this year.
IT and Investments Minister Austin Gatt announced that Gozo Channel's financial situation has significantly improved, since the company is making profits generated from higher travelling fees, an increase in passengers and controlling overheads. Due to these initiatives, Gozo Channel will be investing Lm230,000, which amounts to 33 per cent of its operational profits, towards Gozo's economy. Profits totalled Lm750,000 this year, as opposed to Lm282,000 generated last year and following major losses up until 2004.
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