The province is kicking in $50,000 to study the feasibility of a $48 million floating dry-dock project in Port Alberni.
The Port Alberni Port Authority, the City of Port Alberni and Canadian Maritime Engineering have already committed to spending $75,000 on the assessment.
“We recognize the importance of creating jobs and improving the quality of life for people in Port Alberni,” said Bruce Ralston, Minister of Jobs, Trade and Technology.
“This study will help determine the market opportunity and feasibility for the construction of this facility, which could renew economic opportunities for this coastal community.”
The study will look at current dry-dock capacity in the region and consider whether the construction of a floating dry-dock would be supported by market demand for ship repairs.
Construction of the dry-dock could provide 100 jobs in Port Alberni.
“The Port Alberni Port Authority is very pleased to receive funding from the Province to complete this work,” said Ron Crema, chair of the Port Authority’s board of directors.
“We appreciate our ongoing partnership with the City of Port Alberni and Canadian Maritime Engineering. Initiatives like this to enhance our marine cluster can only be achieved by such productive partnerships.”
A report on the results of the study is expected to be delivered by this fall.