VSBCnews
  • VSBCnews
  • Mount Vema
  • Business
  • Politics
  • Economy
  • Monarchy
  • Stock Market
  • Education | Employment
  • Entertainment | Arts | Sports
  • Travel | Society | Lifestyle
  • Security | Law | Order
  • Healthcare and Science
  • Weather Report
  • South Atlantic
  • World
  • Video | Audio | Pictures
  • Contact VSBCnews

Mount Vema

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.

    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    February 2018

    Categories

    All
    Awards
    Bank Holiday
    Business
    Communications
    Construction
    Consular Services
    Currency
    Debit Ceiling
    Defamation
    Energy
    Finance
    Healthcare
    Interest Rates
    Internet
    Internet Traffic
    Jobs Creation
    Legislation
    Lifestyle
    Maritime
    Monarchy
    Passports
    Pension
    Property
    Recruitment
    Social Security
    Tourism
    Trade
    Transport
    Travel
    Travel Advice
    Vema Seamount

    RSS Feed

Picture
VSBCnews, is an LLP company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
1 Roseland Road, Neverland
Postal Code: 4047A 
Mount Vema

Registration number 17010001, VAT number KMVC00-000-001.
vsbc-news.com | vsbcnews.com
  • VSBCnews
  • Mount Vema
  • Business
  • Politics
  • Economy
  • Monarchy
  • Stock Market
  • Education | Employment
  • Entertainment | Arts | Sports
  • Travel | Society | Lifestyle
  • Security | Law | Order
  • Healthcare and Science
  • Weather Report
  • South Atlantic
  • World
  • Video | Audio | Pictures
  • Contact VSBCnews