Boskalis Bags Middle East Maintenance Dredging Contract
- Business & Finance
Royal Boskalis Westminster N.V. together with a Cypriot partner, has been awarded a contract for long term maintenance dredging works in the Middle East.
According to Boskalis, they will develop and build an electrical cutter suction dredger for these works that are set to begin shortly after the commissioning of the vessel in 2019.
“The annual revenue amounts to approximately EUR 25 million over an eleven year period,” said Boskalis in the release.
The company also added that the new cutter suction dredger will be fully electrically powered through an onshore 33kV powerline connection.
The 100-meter-long shallow water vessel will have a capacity of 8,250 kW, allowing it to pump the dredged material over a distance of 7.5 kilometers.
The investment will be fully recovered within the contract. The dredger will be transferred to the client at the end of the contract duration.