Cabo Verde Fast Ferry, S.A. has filed prospectus documents with the Stock Exchange of Cape Verde that will pave the way for the company to sell more than 13 million euros in corporate bonds.

The company did not disclose pricing and other terms of the upcoming sale but did state that it plans to sell 5 year bond certificates with proceeds slated to formalize its requisition with Damen Shipyard of Holland to construct two fast ferries capable of carrying passengers and commercial cargo including truck trailers.

Cabo Verde Fast Ferry also announced that successful simulation test results prepared by MARIN Marine Institute are expected to conclude in May and construction of its ferries will begin in June.

Cabo Verde Fast Ferry is a private-public-partnership (PPP) that proposes to connect the islands of Cape Verde with a fleet of new and comfortable ferries designed and built specifically for the open waters of Cape Verde.

By mid 2010, Cabo Verde Fast Ferry will begin to offer fast and reliable inter-island ferry services in Cape Verde. Coincidentally, 2010 is very significant to Cape Verde. It marks 550 years of discovery by Antoni di Noli, 35 years of independence from Portugal, 20 years of open political elections and of course, the birth of inter-island mobility for all capeverdeans. In essence, 2010 is the year of celebration for Cape Verde as she reflects on her past and prepares for the bright future ahead.

“Our main objective is to speed up the process and be able to provide comfortable transportation needs of the much anticipated festivities of San Jon 2010 on the island of Brava as well as other celebrations that will take place around the archipelago”, said Andy Andrade, president of CVFF.