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February 6, 2013
16:38 EDTGLDDGreat Lakes Dredge awarded $41.4M contract
Great Lakes Dredge receved an award of a $41.4M contract for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey. This project was awarded to GLDD by the Army Corps of Engineers New York District and involves the excavation of silt, glacial till and seabed material requiring subaqueous drilling and blasting. Work is expected to begin before the end of Q1. Another $27.3M in work on this contract is expected to be awarded this year.
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October 5, 2015
08:43 EDTGLDDGreat Lakes Dredge announces award of three projects on Delaware River
Great Lakes Dredge announced the receipt of three awards with an approximate aggregate value of $99M for projects along the Delaware River. Valued at $77M, the Delaware River Rock Reach award is a capital project that includes dredging approximately 320,000 cubic yards of rock and gravel material, which will deepen the main channel of the Delaware River. The Rock Reach project is the most difficult section of the river to deepen due to the hard rock areas within the dredging template. Work on this project is expected to commence at the end of the year and will be completed by December 31, 2017. The second award, valued at $17M, involves dredging approximately 200,000 cubic yards of material and removal of approximately 10,000 tons of debris at the Philadelphia Naval Reserve Basin on the Delaware River. Work on this capital project will begin in 2016 and will be completed within the year. Finally, a $5M award involves maintenance dredging of approximately 127,000 cubic yards along a portion of the Delaware River between Philadelphia, PA and Trenton, NJ. The U.S. Army Corps of Engineers, Philadelphia District issued these awards to Great Lakes during the third quarter and therefore will be included in the company's backlog as of September 30. Great Lakes will utilize a drilling and blasting barge to pretreat the seabed rock formations in the river and mechanical and hydraulic dredges to complete these projects.
September 28, 2015
16:36 EDTGLDDGreat Lakes Dredge awarded contract with Corpus Christi Liquefaction
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