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Leyte-based IMP Shipyard and Port Services Inc. disclosed plans to expand into strategic locations to accommodate larger vessels and potentially establish a ship-breaking and recycling facility to support the government’s ship retirement and replacement program.
The Board of Investments said it approved IMP Shipyard as the first shipbuilding and repair facility registered with under Tier I of the Strategic Investment Priority Plan in accordance with Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises Act Law. The shipyard is expected to be fully operational by mid-2024, equipped with capacity of ten berths to accommodate two ships for new construction and eight ships for ship repair services.
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