Search results for: loan

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  • 14 October 2015
    Business & Finance, Project & Tenders

    Governor Charlie Baker, Lieutenant Governor Karyn Polito and Energy and Environmental Affairs Secretary Matthew Beaton joined members of the legislature and community representatives yesterday to announce over $10 million to assist communities in addressing deteriorating dams and refurbishing critical coastal infrastructure. These awards include five dam repair projects, one dam removal, three coastal protection reconstruction projects […]

  • 26 August 2013
    Business & Finance, Equipment, Technology

    Under the auspicious of the Metro Colombo Urban Development Project led by the Ministry of Defence and Urban Development, new dredging machines and modern equipments were handed over to the Sri Lanka Land Reclamation and Development Corporation (SLLR&DC) at a function held at the Ministry premises last week. Economic Development Minister Basil Rajapaksa participated at […]

  • 9 January 2017
    Business & Finance

    Great Lakes Dredge & Dock Corporation (GLDD) announced recently that it has closed on a $250 million three year revolving credit facility. PNC Bank, National Association (PNC) acted as Administrative Agent and Issuing Lender, reported GLDD. The bank group consists of PNC, The PrivateBank and Trust Company, Suntrust Robinson Humphrey, Inc., Capital One, Bank of […]

  • 22 March 2015
    Business & Finance, Project & Tenders

                    Exclusive Update: DEME’s Dredgers at New Suez Canal  DEME, an international group of specialized companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, etc. has announced that their part of dredging works on the New Suez Canal are on schedule and 50% […]

  • 20 January 2012

    Business Monitor International’s Brazil Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Brazil’s shipping industry. BMI believes 2012 will be another year of strong growth for Brazilian ports. The sector experienced growth of 7.1% in total tonnage throughput in H111. […]

  • 2 December 2018
    Business & Finance, Project & Tenders

    Dredging Today brings you an overview of the most popular stories from the past week (November 26 – December 2, 2018).   EUR 250 Million Deal for Boskalis Royal Boskalis Westminster N.V. has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection.   Savannah Harbor Expansion Project on Track […]

  • 31 July 2018
    Business & Finance

    Indonesian Government’s Ministry of Transportation announced last Friday that the construction works on the Patimban Port Development Project (Package 1) are set to begin sometimes next month. The project, located in Subang, West Java, will be conducted by a joint venture including Penta-Ocean Construction Co., Ltd., TOA Corporation, Rinkai Nissan Construction Co., Ltd., PT PP Tbk. […]

  • 29 November 2012
    Business & Finance

    Sunergy, Inc has announced that it has secured an initial deposit on its $500,000 financing proposal for startup of the 2012-2013 Pampana river Dredging and Pilot Plant operation in Sierra Leone and dispatches personnel to commence operations. “We have budgeted $100,000 on operations in Sierra Leone through December 31, 2012 on our 140 sq. km. […]

  • 24 February 2016
    Business & Finance

    The Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) have signed a transaction advisory services agreement to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP). The $500 million project will include operationalization of the existing 400 meters of deep water berth and the full design, build, finance, operation […]

  • 22 February 2013
    Business & Finance

    The Michigan Boating Industries Association (MBIA) applauds the introduction of legislation that has been utilized in the past to help solve the private marina dredging crisis, which, in turn, will help thousands of boaters. Senate Bill No. 215, introduced by Senators Brandenburg, Hansen, Casperson, Booher, Green, Walker, Robertson, Jones, Proos and Smith is an act […]

  • 7 November 2012

    A comprehensive project to tackle sanitation challenges, as well as Sewer and Storm-Water Drainage Alleviation Project is to be initiated to enhance Accra’s flood protection and waste water treatment. Parliament has approved the loan facilities for the project with the Export–Import Bank (EXIM) of the USA providing $53,299,497, while the Standard Chartered Bank is also […]

  • 30 November 2015
    Business & Finance

    The Maldivian Ministry of Housing and Infrastructure has awarded contracts for the construction of ten harbors – IDB phase 2 – and the construction of N.Fohdhoo jetty. The contract signing ceremony was held on 26th November 2015 at STELCO in Male. Under the IDB loan and the government budget, a total of $21.5 million will be spent on […]

  • 6 May 2014
    Business & Finance, Equipment, Technology

    Dredging of the shallow rivers in Dagupan will take more than one year using three dredging machines loaned to the city by the Department of Public Works and Highways (DPWH). City Engineer Virginia Rosario, in a press conference called Monday night by Mayor Belen Fernandez, said more than 250,000 cubic meters of silt are set […]

  • 12 June 2018
    Business & Finance, Project & Tenders

    Progress of the Charleston Harbor Deepening Project will remain on track with $49 million awarded in the Army Corps FY18 Work Plan. According to the South Carolina Ports Authority (SCPA), the critical funds that will be coupled with financial support from the State of South Carolina will further secure the progress of deepening the Charleston Harbor to […]

  • 14 February 2018
    Business & Finance

    The U.S. Army Corps of Engineers fully supports the administration’s Infrastructure Initiative that was announced yesterday to address the needs of the nation’s infrastructure, USACE said in its latest announcement.  Underperformance is evident across many sectors of infrastructure. The traditional civil works funding approach is not sustainable to meet the nation’s infrastructure needs, according to […]

  • 11 February 2016
    Business & Finance

    Jan De Nul has just announced that Sas van Vreeswijk (SPC) achieved financial close of the PPS project ‘Construction 3rd lock chamber Princess Beatrix Lock and widening Lek Canal’. Sas van Vreeswijk consists of TDP NV (in partnership with investment companies TINC and DG Infra Yield), BESIX Group NV, RebelValley B.V., Heijmans Nederland B.V. and […]

  • 23 October 2015
    Business & Finance

    The Vice President of the European Investment Bank (EIB), Jonathan Taylor, and Dublin Port Company representatives discussed the finalization of financing arrangements for Dublin Port’s Alexandra Basin Redevelopment (ABR) Project yesterday. The EIB has committed to providing a €100m loan amortizing over 20 years, reflecting the long-term nature of the ABR Project. This scheme, the […]

  • 19 September 2012

    Parliament has approved a credit facility agreement for an amount of €197 million to finance the design, civil and dredging works at the Takoradi port. The agreement which is between the Ghana Ports and Harbors Authority (GPHA) with the government of Ghana as guarantor and the KBC bank NV, Belfius Bank SA/NV, Deutsche Bank AG, […]

  • 28 August 2014
    Business & Finance, Equipment, Technology

    Compass Diversified Holdings, an owner of leading middle market businesses, announced the closing of the acquisition of Clean Earth Holdings, Inc., pursuant to an agreement it entered into on August 7, 2014. The acquisition, which was completed for a purchase price of $253 million and funded through available cash on its balance sheet and a […]

  • 14 January 2019
    Business & Finance

    An Expression of Interest has been completed and Pilbara Ports Authority has short-listed two respondents interested in investing to build and operate a new general cargo facility at the Port of Port Hedland. Located at Lumsden Point, at the south eastern end of the inner harbor, the development can accommodate a logistics hub, general cargo […]

  • 30 July 2012
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) will take a 20 percent shareholding in Chatham Rock Phosphate and assume a seat on the board, in a world-first for the undersea mining industry. It is the first time a major dredging company has taken a substantial equity position in an undersea mining project. Boskalis has been issued shares […]

  • 11 March 2014

    Dredging at the Visakhapatnam outer harbour has been completed in record time despite the immense complexity and volume of work, reports The Times of India. As a result of year-round harbour dredging, the harbour’s depth has been increased to 20 metres, and is now one of the deepest harbours in India. “VGCB will assist Vizag […]

  • 12 March 2013

    NIB and the Klaipeda State Seaport Authority have signed a EUR 44 million loan agreement for investment projects in Klaipeda Seaport, lifting a major bottleneck to trade and expansion in the region. The scope of the investment includes the reconstruction of quays, construction of a pier for passenger and cargo ferries as well as dredging […]

  • 30 May 2012

    Dutch engineering and consultancy firm DHV will be responsible for the construction management of eleven new fishing ports in Ghana. Construction will start in summer 2012 and be completed in 2017. The fishing ports will improve the standard of living of Ghanaians in the coastal provinces and lead to a more durable way of fish […]

  • 22 November 2018
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers announced yesterday $41.4 million for the Charleston Harbor Deepening Project in the Fiscal Year 19 Work Plan, funds that will further the progress of deepening the Charleston Harbor to 52 feet. “This funding is tremendous for the continued construction activities for the Charleston Harbor Deepening Project,” said Bill Stern, […]

  • 13 March 2015
    Business & Finance

    The Ports of Normandy Authority (PNA) has officially launched large-scale extension works of the port of Cherbourg’s main roadstead, which will be a milestone in the history of the port’s development. The quality and consistency of the project, together with its long-term effects on local growth and employment, have convinced the French government, the European Union (EU) and […]