GLDD Announces Award of “Option A” for Miami Dredging Project

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 a $51.9 million option for the Miami Harbor Deepening Project.

This option was awarded to GLDD by the U.S. Army Corps of Engineers – Jacksonville District and will bring the total value of GLDD’s Miami contract up to $174.1 million. There is $31.6 million remaining to be awarded under the current plan of the Corps.

GLDD began a two-year project to deepen Miami Harbor in November 2013. The cutter suction dredge Texas, the largest in the Great Lakes’ fleet, will execute the majority of the dredging operation. The Port of Miami—one of the busiest ports in the United States—is both the main gateway for cargo entering the United States from Central and South America and the ”Cruise Ship Capital of the World,” with one in seven of all cruise journeys starting or ending in the port. Miami’s harbor is also home to a unique ecosystem.

GLDD and its partners conducted extensive environmental surveys and scientific dives prior to the start of dredging and will continue to monitor during performance of the project to ensure the project is being completed in an environmentally sound manner.

This option, which is the first of two options for the project, covers the dredging of Fisherman’s Channel and Lummus Island Turning Basin, as well as dredging the adjacent berthing areas. The project is to deepen PortMiami to a depth of 50/52 feet to accommodate post-Panamax cargo ships that will start traveling through the expanded Panama Canal in 2015.

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Press Release, January 20, 2014