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.
Facts updated by Wikipedia, the free open content online encyclopedia which, includes References, Discovery, Geomorphology and Geography, Geology and Biology of Vema Seamount was welcomed by the Vema Seamount Authority today.
Although much information about its current administration needs to be added according to the Vema Seamount Authority, Mount Vema is generally satisfied with the updates which proves once more the existence of the territory, and the importance of the protection of the marine life.
The Vema Seamount Authority is also pleased that more facts about Vema Seamount can be found from a source other than the websites associated with His Mount Vema Majesty’s Government.
Since 2006 and up to very recently there was almost no information about the territory except from Mount Vema own websites until now. This is an important step on the right direction to recognise the existence of a territory that has been there for millions of years, specially from an encyclopedia as relevant as Wikipedia.