Ferry Project Update

RNS Number : 1224T

Westminster Group PLC

24 March 2016

 

24 March 2016

Westminster Group Plc:

Ferry Project Update

Westminster Group Plc ('Westminster' or the 'Company'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide is pleased to provide an update on its Sierra Leone ferry project.

The flagship vessel, the Sierra Queen, has performed well in sea trials having now completed various trial crossings and manoeuvres.

Works on the Targrin Ferry Terminal have been completed and the terminal is fully operational. The government contractors are yet to complete works on the provision of new jetties at the main Government Wharf Terminal however an alternative landing point adjacent to the terminal has been secured and cleared in order to provide a temporary landing stage appropriate for the ferry's operations until the new jetties are in place.

Brand new 50 seater coaches to transport passengers to and from the airport to the ferry terminal are ready for deployment and comprehensive crew training has been undertaken.

It is anticipated that operations and revenues from ticket sales will commence in April once final governmental formalities have been completed.

Commenting on the update Peter Fowler, Chief Executive of Westminster Group, said:

"The delays we have suffered in commencing this much needed and long awaited service have been a frustration for our customers, shareholders and ourselves alike but I am delighted that we are now, at last, approaching commencement of operations and I would like to commend the dedication and efforts of all our staff involved in dealing with and overcoming the numerous in-country challenges we have experienced, most of which have unfortunately been beyond our control."

"Not-with-standing the above we remain confident that once the service is up and running it will be in high demand and prove to be a good long term investment and great success."

For further information please contact:

Westminster Group plc.	Tel: [phone]
Peter Fowler (Chief Executive)
Ian Selby (Chief Financial Officer)
S. P. Angel Corporate Finance LLP (NOMAD + Broker)	Tel: [phone]
Stuart Gledhill
Walbrook PR (Financial PR)	Tel: [phone]
Tom Cooper/Paul Vann	0797 122 1972
	[e-mail]

Notes:

Westminster Group plc is a specialist security and services group operating worldwide via an extensive international network of agents and offices in over 50 countries.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of ferry services, manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations.  For further information please visit www.wsg-corporate.com  

 

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