00:00It's the largest shipbuilding project in Europe.
00:03Slated for 2038, France Libre, the next generation aircraft carrier,
00:09will be colossal at 310 metres long and weighing nearly 80,000 tonnes.
00:14For those workers, the new contract brings stability for their future.
00:19We're steeplejacks and since they can't install cranes everywhere,
00:23there'll definitely be a need for us.
00:25I'm in part-time apprenticeship and I easily found a job near my home through a local agent here.
00:32The multi-year project also guarantees work for subcontractors.
00:36This welding company has already started training people for special methods required to build a military vessel.
00:43The massive undertaking will bring 15,000 new jobs but also hundreds of military personnel to San Nazaire.
00:50The owner of this restaurant is gearing up for an influx of new customers.
00:55You can see new offices being installed here.
00:58All the research offices of the Chantier de l'Atlantique with around 2,500 people will be in that area.
01:05And more homes will be needed to accommodate that many people.
01:09There's already a plan to install 200 mobile homes,
01:12but the new project is set to put pressure on the local housing market.
01:17We already have a lot of furnished accommodation on the market due to the ferry building business here.
01:22With a new wave of renters, the property market in San Nazaire could become saturated.
01:27The second risk is that it may become harder for locals to find a place to live
01:31because prices will surge due to new arrivals.
01:35The initial cost estimate for the aircraft carrier is 10 billion euros.
01:39As the main construction site, San Nazaire will take the lion's share.
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