St. Vincent Shipyard Ltd. (SSL), the company that secured a 15-year lease of the state-owned Ottley Hall Marina and Shipyard, will take over the operations of the facility from Wednesday, July 1.
A SSL press statement quoted Vincentian Mark Lulley, a director of SSL, as saying that the company will engage in a number of restorative activities in relation to the shipyard, to make the facility ready for full operations.
“SSL says that it will spend over five million EC dollars in this regard. This will include plans for the completion of small hotel and the re-opening of the supermarket,” the release said.
Prime Minister Ralph Gonsalves announced the finalisation of the lease earlier this month, but did not give any details as he had promised earlier.
SSL said in a press statement that it is a locally registered composed of five local engineers, and three persons from abroad, who are shareholders.
The lease agreement was signed on June 23, 2015, and will be in effect for 15 years in the first instance, the company said.
The release cited a spokesperson as saying that the company intends to retain the current staff at the marina, adding that more persons will be employed as the activities at the shipyard increase.
“According to Daniel Ravotti, the chairman of SSL, the company is excited about this development which will enhance the provision of shipyard and dry docking facilities in the state,” the release said.
Among the services to be provided at the marina include dry docking, inspection and repairs to hulls, bunkering, sand blasting, shell plating and painting, and the installation, maintenance and overhaul of marine engines, the release said.