BUSINESS

Galician shipyards win Pemex orders

Contracts to build two floating hotels worth 298 million euros each

After months waiting for confirmation of the deal, two struggling Galician shipbuilders were finally awarded contracts to build two floating hotels for state-owned Mexican oil company Pemex.

State-owned Navantia and privately-owned Hijos de J. Barreras, in which Pemex acquired a 51-percent stake last year, secured the contracts in a public tender in joint bids presented with Pemex unit PMI. The hotels, which will provide accommodation for workers on oil rigs, will be built in Ferrol and Vigo, at a total cost each of 407 million dollars (298 million euros). The two Galician shipyards were competing against five Mexican companies.

Galician premier Alberto Núñez Feijóo announced a major investment by Pemex in the region 16 months ago, but the whole process of deciding who would build the floating hotels suffered a series of delays.

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