RE: Irish Ferries10 Mar 2023 10:34
Planning applications for the Belfast shipyard upgrades will be issued in the next few months with full scale production due to commence in 2025. Prior to 2025, several revenue-generating pre-fabrication, engineering and design workstreams will be undertaken by Team Resolute during the next 18-24 months in preparation for full scale fabrication. The quantum and value of these workstreams attributable to each consortium member will be determined at the point of executing formal contracts. All three support ships are expected to be operational sequentially, with the last vessel delivered by 2032. The manufacture contract is due to be awarded by Defence Equipment & Support (DE&S) by the first quarter of 2023 to Navantia, as Prime Contractor, subject to successful completion of the Preferred Bidder process and approvals. The Company and BMT will be Sub-contractors respectively within the consortium.
The Company will now enter a period of negotiation to finalise the terms and scope of the specific works to be undertaken by the Company. Once the various contracts currently under negotiation are executed, a further announcement will be made detailing the specific economic and financial benefits of this programme to the Company.
Just need to wait end of this Q1 and we will have good news