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.

 

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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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