CONTRACT TO BUILD TWO NEW VESSELS FOR THE LITTLE MINCH SIGNED
Today at Cemre shipyard in Turkey, CMAL signed the contract to build two new ferries to support the communities at Uig, Lochmaddy and Tarbert (Harris).
We now enter into a 20-day period during which time the shipyard needs to put the Bank Refund Guarantee in place. As is standard industry practice, the shipyard must provide a signed contract to their banking partner to gain credit committee approval. The contract is not finalised until the guarantee is confirmed.
Further updates on the project can be found here.