Financing Agreed for Nags Head Beach Nourishment Project

Dare County (NC) has just released highlights from the Board of Commissioners November 20 meeting.

At the meeting, the Board approved a reimbursement resolution presented by Finance Director David Clawson for debt issuance related to the Nags Head Beach Nourishment maintenance project.

The resolution states the County’s intention to proceed with the project, issue the debt, and reimburse itself for expenditures that occur prior to the debt closing.

According to the County, Nags Head will pay 50% of the project costs and the other half is paid with occupancy tax proceeds set aside specifically for beach nourishment projects. The Town’s last beach nourishment project had a price tag of $36 million and involved placing 4.6 million cubic yards of sand on the beach.

Nags Head plans to bid the project in early 2018 with construction taking place in summer 2018 or summer 2019 depending on schedules of dredge companies.

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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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