Government Approves Isla Grande Dry Dock Lease for Vessel Overhauls
Gov. Pierluisi and MLB Hall of Famer Iván ‘Pudge’ Rodríguez attend signing ceremony
SAN JUAN — Puerto Rico Gov. Pedro R. Pierluisi attended the signing ceremony for a lease contract of a dry dock at Isla Grande’s Pier 15 in San Juan for the for the construction and operation of a commercial vessel and yacht maintenance, repair and overhaul facility.
Iván “Pudge” Rodríguez, who is in the Major League Baseball Hall of Fame and is a project investor, and several government officials such as Ports Authority Executive Director Joel A. Pizá Batiz attended the event.
“As part of my administration’s initiatives to activate assets in disuse, we are celebrating the signing of the contract. This facility, the only one of its kind in Puerto Rico and the Caribbean, can now operate to be an important source of economic activity and jobs for the Island,” Pierluisi said about the contract signed with Isla Borinquen LLC.
The government said local entrepreneurs are investing around $12 million in the project, which will have an estimated annual impact of $39 million for the local economy as well as the creation of hundreds of jobs.
The dock was built and operated by the U.S. Navy since the early 1940s and was later acquired by the Puerto Rico Ports Authority in the late 1990s. The project had been in disuse since the year 2000.