It’s a bold move that has the potential to transform the fortunes of a region that has struggled to rebuild after the Great Flood of 1998.
The Scottish Government is building the massive vessel to help tackle the challenges faced by people and communities living on the east coast.
A massive steel hull, a steel deck, a metal roof and a concrete floor will be the backbone of the new vessel.
It will be built in the port city of Aberdeen, which was left with a huge hole in its infrastructure and was devastated by the floods.
“It’s an enormous challenge to build a vessel in the UK but the Scottish Government has put a lot of money and thought into the design,” said Scottish Minister for Transport, John Swinney.
“The project will create around 500 jobs in the region, which will bring huge economic benefit for the whole of Scotland.”
The first phase of the project is set to be completed in 2021, with a second phase set to start in 2023.
The new vessel will carry around 50 tonnes of cargo and be capable of carrying up to 400 passengers.
It has the capacity to carry up to 200 people and carry up for up to 20 hours of operation per day.
The ship will be fitted with an electric motor and will be able to tow and tow passengers.
The first two stages of the development, which includes the construction of the first phase, will be completed by 2023, with the final phase being completed by 2025.
The project is the brainchild of the Department for the Environment, Food and Rural Affairs, which has worked closely with the Department of Industry and Energy to get the project off the ground.
The Department for Environment, Fisheries and Food has funded the project and the Scottish government will provide a substantial amount of funding to the project.
The second phase will be undertaken by 2026, with construction of another vessel to support the development.
The government is also committed to investing £3bn into the development of renewable energy across the country.
The scheme will have the potential for significant employment in the area and has been supported by the Scottish Enterprise, which is part of the Government.
“We are very pleased to have the opportunity to build on our strong record in helping the UK economy to grow and create good-paying jobs,” said John Swinnelly, the Scottish minister for environment.
“A huge contribution has been made to the economy, including by the construction and the expansion of our industry in the last 10 years.”
In the past five years, the UK has seen a huge amount of investment in renewable energy and this will provide an even more attractive investment destination for Scotland.
“By 2025, we expect to have another 100,000 homes built on our coasts.”