Great Lakes Dredge & & Dock Corporation (NASDAQ: GLDD) today reported the invoice of numerous significant dredging honors completing $118.8 million.
Chief Operating Officer David Simonelli stated, “Great Lakes is pleased to add these projects to our backlog of deepening, coastal protection, and maintenance dredging work. These efforts will contribute to our 2020 performance and position us well for 2021. These projects are aligned with our strategy to support the overall improvement and resiliency of our country’s environment, coastlines and infrastructure.”
The granted job consists of:
- Post 45 Contract 4 Charleston Lower Harbor New Work Dredging Project (Capital, South Carolina, $52.9 million)
- Emerald Isle, North Carolina Post-Florence Renourishment– Phase 3 Project (Coastal Protection, North Carolina, $30.6 million)
- Freeport Harbor Channel Improvement Project, Reach 3 Lower Stauffer Channel (Capital, Texas, $15.5 million)
- Upper Yazoo Dredging Subcontract (Capital, Mississippi, $7.2 million)
- Grand Isle as well as Vicinity, West End Beach Nourishment Project (Coastal Protection, Louisiana, $6.4 million)
- Hudson River Maintenance Dredging Project (Maintenance, New York, $6.2 million)
The Post 45 Contract 4 Charleston Lower Harbor New Work Dredging Project includes upkeep as well as brand-new job dredging of product from the Charleston Lower Harbor toHugh Leatherman Terminal This job is among the last stages of the strengthening job that Great Lakes started for the UNITED STATE Army Corps of Engineers Charleston District as well as South Carolina State Port Authority in 2017. When all stages are wrapped up, Charleston will certainly have the only 52-foot deep network in theSoutheast Funding for this job originates from both the Federal Government as well as the State ofSouth Carolina Excavated product will certainly be positioned in upland positioning locations as well as the Ocean Dredged Material Disposal Site (ODMDS). The job additionally consists of actions to guarantee conformity with demands of the Endangered Species Act as well asMarine Mammals Protection Act Work on this job is anticipated to start in the 4th quarter of 2020, with expected conclusion in the 2nd quarter of 2022.
The Emerald Isle, North Carolina Post-Florence Renourishment– Phase 3 Project consists of overseas loaning of product as well as positioning of sand over about 10 miles of coastline in the Town of Emerald Isle inNorth Carolina Funding for this job was given from Federal supplementary appropriations afterHurricane Florence Great Lakes additionally efficiently finished Phase 1 in April of 2019 as well as Phase 2 in April of 2020. Work on this job is approximated to start in January of 2021.
The Freeport Harbor Channel Improvement Project, Reach 3 Lower Stauffer Channel job is the very first section in the harbor renovation job. Project job consists of the strengthening of the network to 53 feet as well as the widening of one network area to give way for bigger, deeper-draft vessels offering the container as well as petroleum export sectors in the port. The customer on this job is the UNITED STATE Army Corps of Engineers Galveston District together with Port Freeport,Texas Funding is given by the Federal federal government as well asPort Freeport Work is approximated to begin in the 4th quarter of 2020, with expected conclusion in the 2nd quarter of 2021.
The Upper Yazoo Dredging Subcontract include brand-new job dredging in the Yazoo River Basin in Tallahatchie County,Mississippi This job is a proceeding network renovation initiative by the UNITED STATE Army Corps of Engineers to boost flooding control in theYazoo River Basin Work is approximated to begin in the 2nd quarter of 2021, with anticipated conclusion in the 3rd quarter of 2021.
The Grand Isle as well as Vicinity, West End Beach Nourishment Project entails emergency situation remediation work with the seriously worn down tornado harmed coastline at Grand Isle inLouisiana This is a high concern distinct seaside security job for the state of Louisiana’s Coastal Protection Restoration Authority as well as the Town ofGrand Isle Work on this job is anticipated to finish in the 4th quarter of 2020.
The Hudson River Maintenance Dredging Project involves upkeep dredging of the Hudson River, New York City to Waterford,New York The dug up product will certainly be moved to as well as positioned in an uplandDredge Material Placement Site The customer on this job is the UNITED STATE Army Corps of Engineers New York District as well as is moneyed by the Federal federal government. Work on this job is approximated to finish in the 4th quarter of 2020.
