The President of the Government announced today that the company PDM has fulfilled the conditions for the final approval of the construction project of a new COFACO plant on Pico Island, a seven-million Euro investment project of great importance for this island and the Azores.
 
"The pending matters regarding the project submitted by the company PDM for the construction of the new plant on this island have been solved," said Vasco Cordeiro.
 
After receiving the Administration Board of the company PDM - Transformação e Comércio de Pescado in the beginning of the statutory visit to Pico, the President of the Government stated that the construction works of the new plant will move forward by the end of this year.
 
"This is an important investment in which the Regional Government persisted with the confidence that it would be carried out," Vasco Cordeiro stressed, pointing out the economic, social and environmental benefits that this new plant will bring to the island of Pico and to the Region as well.
 
"This is good news for the island of Pico and the Azores. We are talking about an investment of around seven million Euros that will be carried out on this island," stated the government official.
 
"The Government acknowledges the company PDM for its persistence and confidence in the work carried out to fulfil the conditions set by the Government for the final approval of this project," stressed the President of the Government.