Drydocking Facilities

Industry: Maritime

Project: Establishment of Drydocking Facilities

Currently there is one major dry-dock in operation servicing ships up to 230 metres long and with a lifting capacity of 23,000 metric tons. The capacity for additional services and repairs can be increased with the establishment of a major dry-docking facility by investors.

The proposed project would capture some of the growing demand for large ship repairs along the eastern seaboard of the Americas.

Functions of proposed facility
The ship repair and maintenance services industry is made up of companies engaged in the regular maintenance of ships, as well as reactionary repairs both in and out of the water.

Some of the functions of the proposed dry-dock and ship repair facility in T&T will include:

  • Conversion of ships for new purposes
  • Large ship service and repair
  • Medium and small ship service and repair
  • Fabrication of marine equipment
  • Docking facilities for repairs while in the water
  • Inspection services
  • Testing services
  • Drilling rig maintenance
  • Waste, garbage and steel disposal

Incentives to invest

The fiscal and other incentives applicable for the project include:

- Exemption from customs duties on the construction of the project
- Exemption from value-added tax
- Exemption from income tax on dividends or other distribution, other than interest, out of profits or gains
- Duty-free treatment of raw materials, machinery and equipment

Total Investment Required

Approximately US$1 billion

Type of investment required

  • Consortium
  • Equity investor or joint-venture partner (the ideal investor must be able to access financing independently)

Contact Us

Craig Watkins

Investment Officer


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InvesTT Limited
Trinidad and Tobago
El Socorro, PoS
Trinidad and Tobago

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