Valletta 2018 Still Counting Costs For Opening Ceremony, But No EU Funds Used
We still don't know how much money was spent on the Valletta 2018 opening ceremony
The Valletta 2018 Foundation is still compiling the costs spent on the extravagant opening ceremony on 20th January. However, a spokesperson from the Foundation confirmed none of the money came out of EU funds.
A projected €49 million was allocated for the entire build-up and celebration of Valletta’s first ever tenure as the EU’s capital of culture from 2014 till 2018, with €19 million allocated for the actual celebratory year.
Although it is technically an EU project, the lion’s share of the costs (€39 million), came from the Maltese government, with the remaining €10 million sourced from sponsorships, EU funds and forecasted revenue.
The Valletta 2018 opening ceremony attracted an estimated 100,000 people - practically a quarter of the entire Maltese population. Four public spaces in the capital hosted hourly entertainment events, including a much-debated acrobatic spectacle at the newly-redesigned Triton Square.