CHC Going Ahead with Planned Eastern Channel Dredge

Cowes Harbor Commission (CHC) delivered a detailed briefing on the Outer Harbor Project (OHP) to the Harbor Advisory Committee (CHAC) at its September meeting.

In summary, CHC reported that it has continued negotiations with the developer Victoria Quay Estate Limited (VQEL) and its investors, but have been unable to reach agreement on the final form of the Harbor Infrastructure Funding Agreement (HIFA) by the agreed deadline of 31st July 2018, despite CHC’s efforts.

In August, VQEL informed CHC that the Isle of Wight Council planning consent for Victoria Quay Marina had time lapsed. According to CHC, this will result in VQEL having to re-submit and apply for a new planning consent, which could take up to seven months.

At the Advisory Committee’s September meeting, CHAC members were consulted on the Commissioner Working Group’s recommendations, as follows:

  1. CHC is not in a position to sign the Harbor Infrastructure Funding Agreement due to a number of outstanding and materially significant issues.
  2. CHC to reconfirm its commitment to deliver a dredged Eastern Channel at the earliest opportunity and preferably this winter, subject to acceptable costs.
  3. CHC to continue communications with Homes England, VQEL, the Isle of Wight Council and other key parties on the way forward.

Following discussion, the Advisory Committee stated its position as broadly supportive of the CHC proposals, including going ahead with the planned Eastern Channel dredge, provided that harbor users receive “best value” out of this stakeholder dividend project.

The Advisory Committee’s feedback was taken into account at the September Board meeting of Cowes Harbor Commissioners, when they considered the issues, including potential further investment by CHC into the Outer Harbor Project.

The Board agreed in principle to approve the Commissioner Working Group recommendations, that CHC is not in a position to sign the current version of the HIFA but should proceed with funding the Eastern Channel dredge this winter, subject to receiving an acceptable proposal from the dredging contractor. The Commissioners’ decision took into account CHC’s overriding objective to ensure safety in the harbor is prioritized.

 

Share this article

Follow Dredging Today

Posted on October 15, 2018 with tags , .

Events>

<< Aug 2019 >>
MTWTFSS
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 31 1

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

10TH Annual Conference Dredging in India

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

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

PORTS Conference

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

read more >

Jobs>

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

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