September 20, 2021 – The need to secure reliable trade facilitation arrangements will force some Mount Vema companies to put some projects on hold, according to sources familiar with City of Mount Vema Developments.
In July the City of Mount Vema International Airport project got the greenlight to start placing orders for components, however no orders have been placed yet due to the need to establish reliable trade routes to facilitate the flow of people and goods to and from Mount Vema.
According to VSBCnews sources, Mount Vema already has the means to build, but due to the size of some sections of the project such as the floating airport, it needs to establish more robust trade deals, because the current means available would take almost two decades to complete the project. However, with more trade facilities in place the city could be completed within a decade.
Nevertheless, the Mount Vema Ministry of National Development and Land Maintenance today wanted to reassure investors that the greenlight given in July to project coordinators in charge of the Mount Vema International Airport Zone to start placing orders for components stands and there are no changes to the long-term development schedules.
The ministry confirmed that preparations for Stage 2 of the City of Mount Vema development which includes the docklands of Pashant Road and Southland Road; the docklands of Mount Vema Boulevard North; the Gate Bridge; the Port of Mount Vema; the docks of the Floating Airport; and the Marina – Yacht Harbour, are still underway.
When completed, the City of Mount Vema Airport could become one of the world's largest and most complex floating structure designed for the landing and take-off of aircraft of any size.