We now look forward to starting to dredge and executing the project safely, on time and within budget.”ĭavid Simonelli, President Dredging, commented, “Great Lakes will employ several large cutter and mechanical dredges to perform this complex deepening project which involves the excavation and offshore disposal of over 5.5 million cubic yards of material. The RFP tendering process involved an extensive evaluation of the competing contractors’ past port deepening experience, execution methods, equipment capabilities and safe work methods in addition to price, rather than a standard lowest price bid award, and we are very happy to be selected for this important project. Lasse Petterson, Chief Executive Officer of Great Lakes, commented, “We thank the Jacksonville District Army Corps of Engineers for the award of this contract.
The project has received important support from local and state authorities as well from federal authorities. The deepening of the Jacksonville Harbor is an important project for Florida and for Jaxport with major economic benefits and employment opportunities expected from the resulting increase in trade volumes. Dredging is expected to commence in the fourth quarter of 2018 with completion of both base contract and expected options in the second quarter of 2021.
Army Corps of Engineers to award additional option work items on the contract by mid-2019 with a value of $97 million, resulting in a total contract award of $210 million. 27, 2018 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ("Great Lakes") (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services announced today the receipt of a $113 million base contract award on the Jacksonville Harbor Construction Dredging Contract ‘B’ 47-Foot Project.