West Sea

NEWS

West Sea signs a contract with the City Council that will allow an investment of 3.5 million euros

August 4, 2021

​Pedro Duarte and José Maria Costa, Mayor of Viana do Castelo, signed a contract that will ensure an investment of over 3.5 million euros in the West Sea shipyard and the creation of more than 50 jobs, direct or indirect, over three years. With this agreement, the municipality exempts West Sea from paying all license fees.

Thus, the investment contract signed obliges the City Council to make full exemption from payment of fees due for licensing and other fees for the construction process, in return for West Sea’s obligation to carry out the planned investment, in an amount greater than 3.5 million euros over a period of three years; to keep the facilities in operation for a period of not less than 10 years; not suspend the activity, except for a maximum period of one month per year; employ in its staff a number of direct or indirect workers equal to or greater than 50 in three years; and maintain the West Sea headquarters in Viana do Castelo.
West Sea – Estaleiros Navais LDA is a company of the Martifer Group and is dedicated to the naval construction and repair activity in Viana do Castelo and intends to become “one of the most important player in the world ship repair and construction market”. To this end, it has an investment plan worth more than 3.5 million euros that provides for the creation of more than 50 jobs, but allowing it to reach, in the first three years, 400 direct and indirect jobs.”