Mega Yacht Services

SAN JUAN – Gov. Alejandro García Padilla announced Monday the development of a marina focusing on mega yachts, including a service center for the people vessels within the Port of San Juan, with a private investment of $73 million.

The brand new industry is expected to generate about 1, 300 tasks and create an annual financial effect around $40 million.

The governor explained the mega-yacht business is exclusive because it really is based on 100-foot or longer customized- designed vessels. For their size and high technology, the yachts need specialized services, plus the Caribbean does not have an industrial maritime center that delivers those solutions.

The service center, that will offer both fix and overhaul of mega yachts, will be at Isla Grande’s Pier 15. It is expected it will probably offer dry-dock service to about 30 vessels and to around 150 while docked, yearly.

The solution center are partly prepared to start businesses in October. Six months later, in April, its slated is fully working.

“This center is special not just in Puerto Rico, but also through the entire Caribbean region, and it will add a destination for mega-yacht routes in this area. We are discussing the development of a fresh business in Puerto Rico, using possible to influence the whole area, ” García Padilla said.

“Puerto Rico will take that niche, ” the governor included. “We possess infrastructure, atmosphere connectivity, the capacity to provide quality materials therefore the employees had a need to successfully develop this industry. We a strategic location in Caribbean, perfect to host several huge yachts, particularly in the winter season.”

García Padilla stated that with the arrival of this brand-new industry, an ecosystem of economic development is created because while the boats tend to be reconditioned, their particular owners invest in renovations, buy products and fuel, this means the huge benefits offer to numerous sectors associated with the economy.

The very first phase of this marina will be completed in 2019 and you will be found in the area near Bahía Urbana, between piers 6 and 9. The facility may have a variety of services to offer yacht proprietors and their particular team.

The project’s second stage involves a hotel, which is built in the marina location and may get ready in 2020.

“After a competitive bidding procedure, the company selected to produce this task was Edgewater Resources, a company founded using the aim of increasing communities and their particular port fronts, targeting personal, environmental and economic durability ultimately, ” the governor stated.