The Falkland Islands Government (FIG) has struck an agreement with BAM Nuttal Ltd to build a new port in Stanley Harbour.
In a statement, the FIG Chief Executive Barry Rowland said the new port would be an “indispensable asset” to the Falkland Island’s economy and future growth.
“As is well known, the existing FIPASS facility is fast approaching the end of its life,” he said.
“Today’s exciting news is the first step in designing a new facility that can handle both our current needs, and our projected future demands.”
Martin Bellamy, Managing Directgor of BAM, said: “We are excited to be part of such a critical national infrastructure project for the Falkland Islands and we look forward to working together with the Falkland Islands Government and our team in designing and constructing the port that will serve as a new gateway to the Falkland Islands.
“It is our collective ambition that this project suits the needs of everyday life on the islands and can provide longer-term economic benefits.”
The new port will benefit key stakeholders across the shipping sector, including fishing and tourism industries. It is not yet clear what the cargo capacity will be.
The project will be split into three stages, with decision gateways between each stage. Upon successful agreement of the contract, the first stage will include stakeholder engagement, surveys, a demand study and concept design.
At that point the FIG will review plans for ‘detailed design’ stage and examine the costs and activity schedule for the next stage.
The second stage will see agreement of ‘detailed design’ and end with another decision gateway for FIG to analyse costs and plans for construction. The third stage will be the phased construction.
Construction will be carefully programmed and operations at FIPASS will be transferred to the new port in order to ensure it remains operational at all times.