Great Lakes Dredge & & Dock Corporation (NASDAQ: GLDD) reports that he has actually been granted numerous significant dredging agreements amounting to $141 million.
The granted job consists of:
- Jacksonville Deepening Contract B Option (Capital Deepening, Florida, $96.6 million);
- Baltimore Harbor (Maintenance, Maryland, $38.4 million);
- Boston Harbor (Maintenance, Massachusetts, $5.6 million).
The base range for the Jacksonville Deepening Contract B was won in 2018 as well as the choice job is an extension of network growing an added 2.5 miles upriver. Work is anticipated to start in September with conclusion in late 2020.
The Baltimore Harbor job entails upkeep dredging of the sea-lanes right into Baltimore as well as is anticipated to start in the initial quarter of 2020. Dredge product is to be pumped for advantageous usage.
The Boston Harbor job is upkeep dredging of the internal harbor networks as well as is anticipated to start in late September.
David Simonelli, the business’s President of Dredging commented, “We are pleased to announce these significant capital and maintenance dredging awards for our Company. We expect these projects to contribute positively to Great Lakes’ performance this year and in 2020 and contribute to the strengthening of the U.S. infrastructure.”
