Houston-headquartered Great Lakes Dredge & Dock Corporation [NASDAQ: GLDD] yesterday reported that it had acquired 4 main dredging awards totaling $138.8 million.
The awarded work contains:
- Trujillo Alto Design and Build for the Lago Loiza (Carraízo) Dredging Project (Maintenance, Puerto Rico, $93.1 million)
- Townsends Inlet to Cape May Inlet Project (Coastal Protection, New Jersey, $28.8 million)
- Palm Beach Harbor Maintenance Dredging Project (Maintenance, Florida, $11.0 million)
- South Boca Raton Beach Renourishment Project (Coastal Protection, Florida, $5.9 million)
The Trujillo Alto Design and Build for the Lago Loiza (Carraízo) Dredging Project contains dredging within the reservoir space, preparation and development of the work space, and storage and dealing with of supplies. The venture additionally contains the preparation and rehabilitation of disposal areas for the extracted sediments, set up of sediment pumping pipes from the dredging space within the reservoir to the disposal areas of dams, and the administration of dredged sediments within the dike space and disposal of clarified water again to the reservoir. The dredging of the Carraízo reservoir, which is situated within the Río Grande de Loíza, is the most important supply of ingesting water provide for the world. This venture will profit roughly 171,387 households within the municipalities of San Juan, Trujillo Alto. The consumer on this venture is the Puerto Rico Aqueduct & Sewer Authority (PRASA). It is funded by the Federal Emergency Management Agency (FEMA). Work is predicted to start within the spring of 2023 with estimated completion within the Spring of 2025.
The Townsends Inlet to Cape May Inlet Project, awarded in December of 2022, consists of beachfill placement alongside the Atlantic Ocean shoreline within the boroughs of Avalon and Stone Harbor, New Jersey to revive seashores and defend the shoreline. The consumer on this federally funded venture is the U.S. Army Corps of Engineers, Philadelphia District. Work is predicted to finish within the spring of 2023.
The Palm Beach Harbor Maintenance Dredging Project entails dredging materials from the doorway channel and settlement basin and beneficially inserting materials on the adjoining seashore. The consumer on this federally funded venture is the U.S. Army Corps of Engineers. Work was began and accomplished within the first quarter of 2023.
The South Boca Raton Beach Renourishment Project entails the location of sand alongside the seashore starting on the Boca Raton Inlet and increasing to the Palm Beach County border in addition to open choices for seashore renourishment at Hillsboro and Deerfield seashores. The consumer on this venture is South Boca Raton and is domestically funded. Work is predicted to finish within the Spring of 2023.
Commenting on the dredging awards, Dave Johanson, senior vice chairman, venture acquisitions and operations for Great Lakes stated, “Great Lakes is pleased to add the above projects to our backlog of coastal protection and maintenance dredging projects. We continue to see severe weather batter our coasts, so there is a great need for the above listed projects and similar projects to continue to support the overall improvement and resiliency of our country’s environment, coastlines and infrastructure.”
