Italy-based shipbuider Fincantieri has signed a letter of intent (LoI) with the Ministry of Economic Development and Labour of the Yucatán State (Mexico) to participate in the design and construction of a new ship repair, conversions and maintenance yard.
The facility will be located within the expansion and modernisation of the Port of Progreso, the main port of the State, some 35 kilometers from the capital Merida. Here, a new area will be entirely dedicated to industrial activities. Fincantieri will be granted a 40-year concession for the exclusive management of the new yard.
The agreement was signed remotely by the Minister of Economic Development and Labour of Yucatán, Ernesto Herrero Novelo, and by the Director of the Fincantieri Services Division, Giorgio Rizzo, respectively in the presence of the Governor of Yucatán, Mauricio Vila Dosal and the General Manager of Fincantieri, Fabio Gallia.
The project envisages two masonry dry docks, the largest in the Americas, able to accommodate ships up to 400m in length and is targeted particularly at cruise ships, large cargo and oil & gas vessels, which need complex operations. The yard will also have a lifting platform for units up to 150 meters in length, about 1,000 meters docks, cranes, workshops, special equipment, offices, and warehouses.
Initially, the creation of the yard will be carried out by the Government of the State of Yucatán, and will start by the first half of 2021, and end, after various steps, by 2027. The state government will directly manage initial works through a special purpose company, that will handle the dredging, and the construction of the infrastructures and main plants.
Fincantieri is to provide advice througout, to carry out the later stage, also involving other partners, building the advanced facilities, notably workshops and lifting equipment, and installing the equipment and finally starting activities. These will also include the necessary training of the staff, pre-emptively carried out both locally and in Italy at higher education institutes and at Fincantieri Academy.
Once the shipyard reaches full operational capacity, it will be able to support an estimated 700 full-time resources, and supply a downstream network involving up to 2,500 workers during peak times.