Great Lakes Secures $93M in New Contracts
- Business & Finance
Great Lakes Dredge & Dock Corporation (GLDD) announced today the signing of two subcontracts valued around $55 million for work in the Middle East as well as the receipt of a $38 million award for a coastal protection project in North Carolina.
The first subcontract in the Middle East is for a land development project and involves dredging over 7 million cubic meters of material by creating several water circulation channels and pumping the resulting material up to 7,000 meters to its designated reclamation area.
Cutter suction dredges Ohio and Carolina, both of which are based in the Middle East, will be utilized on this project. Work commenced in mid-April and is expected to be completed in approximately one year.
The second contract in the Middle East is for a land reclamation project that involves extending an existing reclamation area. Utilizing Middle-East-based hopper dredge, Sugar Island, approximately 1.3 million cubic meters of material will be dredged and pumped ashore to create this additional land. Work is expected to commence in early May and will be completed in 2017.
Domestically, Great Lakes was awarded a $38 million contract to complete the base bid work on the Dare County Beach Nourishment Project for Dare County, North Carolina.
Utilizing hopper dredges, approximately 4 million cubic yards of sand will be dredged and pumped on shore to replenish the coast in Dare County, North Carolina for the towns of Duck, Kitty Hawk, and Kill Devil Hills.
Work is expected to commence on this project in the spring of 2017 and is expected to be completed by the fall 2017.