The Brasil Basin Drydock Company (BBDC) project to build a 600,000 square meter ship repair yard near Brazil’s Port of Cabedelo has entered the next phase of development after receiving additional early stage investment funds, and after filing for environmental licenses, according to the New York-based McQuilling Services, LLC, the project manager.
The BRL 2 billion (USD 530 million) BBDC facility in the Brazilian state of Paraíba will carry the name Empresa de Docagens Pedra do Ingá (EDPI). It will be located inside the harbor near the Port of Cabedelo in the municipality of Lucena, positioned close to major shipping lanes in the Atlantic basin.
The facility will be purpose-built for ship repairs, and its two graving docks and hydrolift facilities will be capable of drydocking any ship in the world merchant fleet.
The project is running on schedule, according to Celso P. Souza, the BBDC project Director. After receiving additional funds and filing for environmental permits, the designing and engineering of the facility can enter the next phase.
The construction of EDPI is scheduled to start in late 2016/early 2017, and the yard is expected to become operational in 2019.
“We are extremely excited about the advancement of activities in the development of the new ship repair facility in the northeast of Brazil” said Dave Saginaw, Commercial Director of McQuilling Services.
“We are receiving strong support from both our new investors and from state and local authorities in Paraíba and the municipality of Lucena. We couldn’t be more pleased with our current progress, in the midst of quite a challenging investment climate.”