Work is anticipated to commence in the fourth quarter of 2021 with estimated completion in the first quarter of 2023. This project is funded by the federal government and the Port of Corpus Christi. The client on this project is the US Army Corps of Engineers, Galveston District. The award includes the base award for $139 million with open options remaining to be awarded of $12.9 million bringing the total of the project to $151.9 million. This project will allow for larger vessels and more efficient access to the Port of Corpus Christi including two-way traffic during high traffic periods.
Work on this phase entails increasing the channel depth within the Upper Bay Reach from 47 feet to 54 feet, and widening the channel to 530 feet with an additional 400 feet of barge lanes. Great Lakes successfully completed the first phase of the channel deepening in March of 2020. The Corpus Christi Upper Bay Reach Channel Improvement Project is to complete the third phase of the four phase Corpus Christi deepening project. Cape May Inlet Beach Renourishment Project (Coastal Protection, New Jersey, $12.1 million).Mississippi River, Baton Rouge to Gulf of Mexico, Southwest Pass Hopper Dredge Rental Project (Maintenance, Louisiana, $24.3 million).Thimble Shoal East Deepening Project (Capital, Virginia, $38.4 million).Fire Island Inlet to Montauk Point Phase 1 Beach Project (Coastal Protection, New York, $47.5 million).Corpus Christi Upper Bay Reach Channel Improvement Project (Capital, Texas, $139 million).13, 2021 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ( "Great Lakes") (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today the receipt of several major dredging awards totaling $261.3 million.
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