$85m investment to expand yard capacity at Ancona

The agreement will lead to an investment of €80 million (US$85.8 million) to support the expansion of the port’s construction piers and dry dock, as well as its current technological and lifting infrastructure to enable the construction of longer and heavier ships, both in the cruise and merchant sector.

Fincantieri has agreed to invest US$42.9m to develop shipbuilding at the port of Ancona. The state has awarded the company a 40 year state concession. 

The Italian state is funding the remaining US$42.9m, which will be evenly divided between the building of a new construction pier, and the extension of the dry dock, including the securing of the breakwater.

The program agreement follows the Memorandum of Understanding for strategic infrastructural investments for the development of shipbuilding in the port of Ancona in 2018 signed by the Ministry of Infrastructure and Transport and the Authority.

Fincantieri’s global organisation spans a network of eight yards in Italy and 10 abroad. 

Pierroberto Folgiero, CEO and Managing Director of Fincantieri, commented: ’With the development of the port of Ancona we’re moving into the future with ambition and innovation. This agreement underscores our ability to invest in the Italian system and to create value for the region and the entire shipbuilding sector. It’s an important step: to make things happen resources aren’t enough, you have to actually put them on the ground”.