The construction of a new water company, which will be erected in Rif on Snaefellsnes peninsula, west Iceland, is scheduled to begin next month after an agreement was reached between Snaefellsbaer municipality and Iceland Glacier Products ehf.
It is hoped that the company can begin operation late next year and create 40 to 50 new jobs in the first phase, Morgunbladid reports.
Mayor of Snaefellsbaer Kristinn Jónasson said the project is very positive for the local community, that variety in employment in the region will increase and that the project will strengthen Snaefellsbaer’s economy.
Jónasson added the local authority has tried to get a private party to build a water company within the community for a long time, but that its efforts had been fruitless until now.
Snaefellsbaer has already provided a lot for the company and the construction of a new water pipe will begin next month. The municipality provides the factory with facilities and water and in return will hold a 1.24 percent share in Iceland Glacier.