Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), headquartered in Houston and renowned as the premier provider of dredging services in the United States, has recently announced contract awards amounting to $177 million. These contracts substantially bolster the company’s dredging backlog to approximately $1.1 billion, signifying a significant stride in its commitment to coastal protection, maintenance, and infrastructure enhancement.
Key Projects:
- Orange Beach, Gulf State Park, Gulf Shores Engineered Beach Renourishment Project (Alabama)
- Cost: $32.8 million
- Purpose: Address extensive hurricane-induced beach damage and contribute to wildlife conservation.
- Commencement: Fourth quarter of 2023
- Completion: First quarter of 2024
- Fire Island Inlet to Montauk Inlet, PL 84-99 Rehabilitation Project (New York)
- Cost: $27.1 million
- Objective: Beach replenishment in Suffolk County, post-hurricane restoration efforts.
- Scheduled Commencement: Fourth quarter of 2023
- Estimated Completion: First quarter of 2024
- Mississippi River, Baton Rouge to Gulf of Mexico, Southwest Pass Maintenance Dredging Project (Louisiana)
- Cost: $22.1 million
- Aim: Maintaining ship channel depths.
- Project Start: Third quarter of 2023
- Expected Finish: Fourth quarter of 2023
- Atchafalaya River Maintenance Dredging Project (Louisiana)
- Cost: $20.6 million
- Scope: Removing shoal material from the bar channel.
- Work Schedule: Fourth quarter of 2023
- Naval Submarine Base Kings Bay – Entrance Channel, Maintenance Dredging Project (Florida)
- Cost: $18.6 million
- Purpose: Ensuring navigability of the entrance channel.
- Anticipated Start: December 2023
- Projected Completion: First quarter of 2024
- Beach Nourishment of Cape May Inlet to Lower Township Project (New Jersey)
- Cost: $16.2 million
- Objective: Shoreline protection through sand replenishment.
- Work Timeline: Fourth quarter of 2023
- Mississippi River Southwest Pass and Calcasieu River Bar Channel Dredging Project (Texas)
- Cost: $16.1 million
- Goal: Maintaining operational depths for ship channels.
- Planned Start: First quarter of 2024
- Estimated Finish: Third quarter of 2024
Great Lakes Dredge & Dock Corp President and CEO, Lasse Petterson, expressed satisfaction with these projects, emphasizing their significance in augmenting the company’s backlog. These endeavors not only contribute to environmental resilience but also bolster national infrastructure.
For more updates on dredging projects and coastal protection efforts, stay tuned to Great Lakes Dredge & Dock Corporation.