Feb 17 2014
Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announced the receipt of ‘Option B’ for the Miami Harbor Deepening Project.
The $31.6 million option, which was awarded by the U.S. Army Corps of Engineers – Jacksonville District, brings the total value of GLDD’s contract to more than $205.7 million.
The two-year project commenced dredging operations in November 2013 and will deepen the port to a depth of 50/52 feet to accommodate the post-Panamax cargo ships that will start to pass through the expanded Panama Canal in 2015. According to Miami-Dade County, the expansion will double the volume of cargo that passes through the port annually and will increase the port’s annual economic impact to more than $34 billion.
‘Option B,’ which is the final option for the PortMiami contract, calls for the dredging of one million cubic yards of material from Fisher Island Turning Basin to Fisherman’s Channel which deepens the channel and berthing area from 42 feet to 50 feet.
The Company
Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations. The Company is also one of the largest U.S. providers of commercial and industrial demolition and remediation services primarily in the Northeast and Midwest. The Company owns a 50% interest in a marine sand mining operation in New Jersey that supplies sand and aggregate for road and building construction and a 50% interest in an environmental service operation with the ability to remediate soil and dredged sediment treatment. Great Lakes employs over 150 degreed engineers, most specializing in civil and mechanical engineering, which contributes to its 123-year history of never failing to complete a marine project. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. Great Lakes also owns and operates the largest and most diverse fleet in the U.S. industry, comprised of over 200 specialized vessels.
Source: http://www.gldd.com/