Italy’s Ancona port to be upgraded for future shipbuilding projects

Italy’s Port System Authority of the Central Adriatic Sea (Autorità di Sistema Portuale del Mare Adriatico Centrale; ADSP) and local shipbuilder Fincantieri have entered into an agreement to develop the current infrastructure at the Port of Ancona to employ it for the construction of ships both in the cruise and merchant sector.

The goal of the agreement is to develop the port’s construction piers, dry dock, and technical and lifting facilities to allow the construction of vessels of greater size and tonnage.

The works have an estimated total value of €80 million (US$85.62 million), of which €40 million (US$42.81 million) is publicly funded. The remaining €40 million will come from a private investment by Fincantieri as part of the procedure for the granting of the new state concession for the next 40 years and will concern the development of shipbuilding in the port of Ancona.

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 ADSP, and the subsequent ministerial decree with which the public financing of €40 million was approved.