Business & Finance

about 13 years ago

GLDD Nabs Arthur Kill Channel Deepening Project (USA)

Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced receipt of an award of a $41.4 million contract for the deepening of the Arthur Kill channel in the P

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Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced receipt of an award of a $41.4 million contract for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey.

This project was awarded to GLDD by the Army Corps of Engineers New York District and involves the excavation of silt, glacial till and seabed material requiring subaqueous drilling and blasting. Work is expected to begin before the end of the first quarter. Another $27.3 million in work on this contract is expected to be awarded this year.

This project is the last phase of a comprehensive plan by the Army Corps of Engineers to deepen the Port of New York and New Jersey, the largest port on the East Coast, to 50 feet. Great Lakes has been a key part of that effort, winning or participating in more than 13 of projects since the plan to deepen to 50 feet began. Great Lakes has proudly played a major role in the development of the Port of New York and New Jersey since 1910.

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Press Release, February 7, 2013

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