VSBCnews
  • VSBCnews
VSBCnews  |  Mount Vema  |  World News  |  Weather  |  Advertise with us  |  Contact us
Picture
VSBCnews Global Ads

mount vema news

500,000 golles to be spent on the purchase of an Exploration vessel next month

5/17/2018

0 Comments

 
The Vema Seamount Authority has approved a request that authorizes W-Contractors to spend just over 500,000 golles in foreign exchange to pay for an Exploration vessel to be permanently stationed in Mount Vema before the rest of the construction fleet arrives.

More than five ships are expected to arrive later in the year and early next year including cruise ships to be used as floating hotels and floating hospital, supply vessels, work barges and other specialist vessels.

This late announcement is part of the government plan to accelerate funding to purchase ships for the territory, by applying to a new method of purchasing ships for Mount Vema Corporations. Thus, accelerating the availability of capital, so companies can finalize deals to purchase ships before the end of the year.
​

More funds will be available soon, after a consortium of Mount Vema companies and W-Contractors submit a bid tomorrow to secure enough capital to purchase a fleet of ships. The government aims to negotiate the required contracts in just two weeks, which is much faster than what usually takes months due to the complexity of the contracts. Expenditures for the next five years are expected to near 1 billion golles (about $2 billion USD) in total, significantly more than the original estimate last year.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Picture
    VSBCnews Global Ads
VSBCnews  |  Mount Vema News  |  World News  |  Weather  |  Advertise with us
VSBCnews is the Official News Channel of Mount Vema
The Vema Seamount Broadcasting Channel

VSBC-news.com is not just one of the most followed news channel in more than 80 countries with growing economies and by heads of states, politicians, business leaders, and decision makers worldwide, it is now also followed by a growing number of people from all walks of life worldwide following the evolution of Mount Vema. If you, your organization, or business is seeking global exposure, get in touch!  Advertise with us. We offer 50% discount deals on your first campaign. 
Picture
Picture

Contact us

vsbc-news.com

City of Mount Vema Project
Picture
VSBCnews Global Ads

Financial Compensation
  • VSBCnews