Fincantieri will cooperate with the Mexican government to construct a new shipyard that will provide repair, conversions and maintenance cruise ships, cargo vessels and oil/gas vessels.
The shipbuilding giant has signed a letter of intent (LoI) with the Ministry of Economic Development and Labor of Mexico to participate in the design and construction of the new facility, located within the expansion and modernization of the Port of Progreso, the main port of the state, approximately 35 kilometers from the capital Merida.
Fincantieri will be granted a 40-year concession for the exclusive management of the new yard.
The project includes two masonry dry docks, the largest in the Americas, able to harbor ships up to 400 meters in length. 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, Fincantieri said.