Cowes Outer Harbor Dredge Project Rescheduled

Cowes Harbor Commission (CHC), Homes and Communities Agency (HCA) and the developer of the HCA’s Victoria Quay marina in East Cowes, are working their way to reach the ‘Harbor Infrastructure Funding Agreement’ (HIFA).

According to CHC, Negotiations continue towards finalizing the agreement between the parties which will enable delivery of Phases 2 and 3 of the Outer Harbor Project, the Eastern Channel dredge and Shrape extension.

Despite the best efforts of all parties, and with CHC having met all its commitments to the HCA and being ready and in a position to deliver Phases 2 and 3 of the harbor infrastructure in spring 2017, the HIFA is not yet in a form whereby it can be approved by the respective parties’ Boards,” said CHC in a release.

Furthermore, the company added that some of the complex matrix of commercial and legal agreements for the wider East Cowes regeneration development, which must be completed by the HCA and their developers as pre-conditions to the HIFA, whilst being well advanced, are not yet fully resolved.

The effect of this is that it will not be possible to start the Eastern Channel dredging works in time to complete them by the environmental and operational closed season commencing in April 2017.

CHC concluded that the intention now is to re-schedule the Eastern Channel dredging and construction of the Shrape extension to begin after the 2017 summer season, subject to finalization of the terms and conditions of the HIFA and the HCA and the marina developers being in all other respects ready to proceed with the new marina and East Cowes project.

 

Share this article

Follow Dredging Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

PORTS Conference

The PORTS Conference series is internationally recognized as an outstanding opportunity to network with…

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

10TH Annual Conference Dredging in India

The conference will focus on strategies and solutions to meet the future dredging requirements…

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