Ellicott Dredges Gets OPIC Impact Award

In a ceremony at the U.S. Chamber of Commerce, the Overseas Private Investment Corporation’s (OPIC) President and Chief Executive Officer Elizabeth L. Littlefield presented Ellicott Dredge Enterprises, LLC and its Ellicott Dredges LLC entity with OPIC’s inaugural “Impact Award” for Ellicott’s work in Iraq.

Ellicott was one of only eight organizations across the country receiving this award from OPIC, the U.S. Government’s development finance institution. With the assistance of political risk insurance from OPIC, Ellicott was able to secure contracts in Iraq supplying dredges to de-silt hydroelectric dams as well as to improve flood control on the Tigris and Euphrates Rivers and to improve irrigation canals.

U.S. Congressman Mark Meadows (NC) joined Ms. Littlefield in making the presentation to Ellicott’s President and CEO Peter Bowe.

Congressman Mark Meadows (NC) and Ellicott's Peter Bowe

Congressman Meadows said: “When Ellicott was founded in 1885, Grover Cleveland was president of the U.S. Since building all of the dredges used to construct the Panama Canal, Ellicott has performed projects and created jobs in almost every conceivable way: Small dredges, large dredges. Domestic sales. Exports. Long-term projects. Disaster response. Parts and maintenance. Design innovations. Patents. Factories in the US, factories abroad. Ellicott Dredges has built itself to become one of the oldest and most successful dredging equipment companies in the world.”

“This is a durable and versatile company. It can handle the tough jobs.”

Peter Bowe noted that the Company was thrilled to receive this recognition from the U.S. Government, and pleased to be included amongst such a distinguished group of award recipients.

OPIC selected the Impact Award winners through a rigorous process including criteria of work sectors or regions, innovation in overcoming obstacles, risk mitigation practice, quality of results and development impact. In all, OPIC presented awards in six categories: U.S. Small Business, Renewable Resources, Development Impact, Critical Infrastructure, Private Equity and Access to Finance. The event was co-sponsored by the U.S. Chamber of Commerce.

OPIC mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy.

Press Release, March 13, 2014

Share this article

Follow Dredging Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply