Decatur City Council OKs ‘Green’ Dredging Financing Package

Decatur City Council members approved a $30 million financing package earlier this week for the continued improvement of the local water supply, a “green” bond issue that will potentially position the City as a trailblazing Illinois community.

Council members voted unanimously in favor of the issuance for the continued funding of Lake Decatur dredging, a $91 million multi-year program being undertaken now to increase the local water supply and improve Lake Decatur.

It represents the third such debt issue associated with the dredging initiative and with it the city will have raised funds to finance approximately $73 million of the $91 million project.

The issue is being categorized as a “green” bond, which are debt instruments used to improve the environment or address climate related issues with funds in this instance used to create a sustainable local water supply.

Once completed, the dredging project will increase the Lake Decatur water supply by 30 percent.

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2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

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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

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