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Palma.—The move is designed to cut down the amount of paperwork that investors would otherwise have to complete before being given a development permit, and to save on government administration costs.

Antoni Gomez, the Minister for the President's Office said yesterday that encouraging the private sector to become involved in public projects in the Balearics will be just one of his jobs over the next four years.

Gomez said that preference will be given to projects that are in the “regional interest” and that there will be a fixed waiting time set so that investors are not kept endlessly waiting to hear if the government is going to give them a development licence or not.

The private sector, said the Minister, is a great creator of employment. For that reason, he explained, the Balearic government is keen to reassure investors that their time and money will be well spent, through approving special legislation to protect developers' interests.

He said that the invitation to become involved in projects in the Balearics is not just confined to local companies . It is issued to developers from the mainland and also to those from overseas.

Gomez said the President of the Balearic Islands, José Ramon Bauzá, has taken on the responsibility of regenerating the regional economy and the creation of jobs. “The President is obsessed, in the best sense of the word, with fulfilling his election promise,” reassured Gomez.

It is for this reason, said Gomez, that the new government wants to give as much help as possible to the private sector.
He also pointed to the fact that Bauzá is keen for several major projects which had been “blocked” by the previous Socialist coalition government to go ahead.