Posted August 10, 2018 07:11:00 The Gibraltar Boatyard Arms in the south-west of the country, was destroyed by a 7.8 magnitude earthquake in 2006.
This news comes after a series of major disasters in the past decade in the country.
The Gibraltar Department of Industry and Science, which oversees the shipyard, said in a statement the ship was struck by a magnitude of 7.2 and sustained damage of more than 1.5 billion dollars.
It was the third earthquake to hit the port of Gibraltar since 2011, when a magnitude 6.3 quake struck the city.
The previous three were earthquakes in 2011, 2012 and 2014.
“The shipyard is very close to the port,” said a spokesperson for the Department of Industrial and Commercial Affairs.
The department said the shipyards major operations facility will remain closed to the public while the ship is repaired. “
These major disasters are a cause for concern and the authorities are taking the necessary measures to ensure the safety of the workforce.”
The department said the shipyards major operations facility will remain closed to the public while the ship is repaired.
It said it will reopen to ship traffic once the ship has been repaired.
“We have a good relationship with the authorities and they are working to resolve the issue,” said the spokesperson.
“This is a matter for the authorities to resolve.”
The Government has also allocated around $150 million to the Government of Gibraltar to help with the rehabilitation of the Gibraltar shipyard.
It comes after the Department received $2.5 million from the Commonwealth in 2018 to support the shipbuilding sector.
The funding will help support the rehabilitation and restoration of the facility and provide a new building for the future.
The Government of Australia will provide up to $500,000 for the rehabilitation, as part of the $2 million awarded to the Australian Government.
The $2 billion package is part of a $15 billion package of infrastructure investments in the area.
The government is also investing $6.8 million to build the world’s largest lighthouse.