Fincantieri has been granted a 40-year concession to exclusively manage a new Mexican shiprepair yard.
The new repair yard will be built in the Port of Progreso in Yucatán State, Mexico and will have two drydocks able to take ships up to 400 m in length.
Under a letter of intent signed with the Yucatán State Ministry of Economic Development and Labour, Fincantieri will be granted a 40-year concession for the exclusive management of the new yard and will participate in its design and construction.
The facility will be developed as part of Progreso’s expansion and modernisation plan in a new area dedicated to industrial activities.
In addition to the two giant drydocks — which will be graving docks — the yard will also have a lifting platform for units up to 150 m in length, berths, cranes, workshops, special equipment, offices, and warehouses.
According to the Governor of Yucatán, Mauricio Vila Dosal, Fincantieri will invest $150 mill in the project.
Construction will start by the first half of 2021, completing, in stages, by 2027. The Yucatán Government will directly manage the initial works through a special purpose company, that will handle the dredging, and the construction of the infrastructure and the main plant.
Fincantieri will provide initial advice and will later, with other partners, build the facilities, notably workshops and lifting equipment, install equipment and finally start activities.
Also included will be work force training, both locally and in Italy.
Once the shipyard reaches full operational capacity, it will be able to support an estimated 700 full-time workers, and support a downstream network involving up to 2,500 workers at peak periods.