Government wants to participate between 35 and 51% in future ammunition factory and create more than 100 jobs

“What we are aiming for is a significant stake of between 35% and 51%. The factory could be operational in about three years. The expected investment is expected to be around 45 million euros, with the possibility of in-kind deliveries, but with the creation of more than 100 jobs”, said Nuno Melo, in a hearing at the Assembly of the Republic.

In response to questions from the PS, Nuno Melo began by criticizing “the hasty way” in which the socialists “managed public affairs”.

“We want to start projects, but we want them to be well thought out, which means that we don’t want a munitions factory for the sake of a munitions factory. We want a company that is capable of creating munitions, generating profit so that it doesn’t later become a hole for the State,” he stressed.

The Government expects a recovery in investment within five to ten years, “taking into account a business plan that is, obviously, also being discussed”, added Nuno Melo.

The minister added that there is a memorandum of understanding being worked on, a technical group analyzing “logistical details,” and projects being drawn up that will be presented “in due course.”

“Ours is the time we consider necessary to not guarantee holes for the State, because, unfortunately, the State already has to put up with enough holes that then generate losses and not revenue,” he added.