USA: GLDD Bags Lake Decatur Dredging Contract

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 an $89 million contract with the City of Decatur (IL) to provide dredging services to increase the capacity of Lake Decatur.

The project, which will be performed by the Rivers & Lakes division, will dredge nearly 11 million cubic yards of material from Lake Decatur Basins 1-4 and will also rehabilitate the Oakley Sediment Basin at the site. Once completed, the project will restore the lake’s capacity by approximately 30 percent. Great Lakes previously dredged Basin 6 in 2011.

Lake Decatur, the largest lake on the Sangamon River, was created after the river was dammed in 1922. The reservoir serves as the primary raw water source for Decatur’s 76,000 residents and large industrial sector. In recent years, the city has been forced to enact water restrictions due to low water levels and drought conditions.

Stephen Pegg, President of the Rivers & Lakes division said: “We are fortunate to have this opportunity to expand our relationship with the City of Decatur and look forward to working with local suppliers and holding job fairs and other recruiting events to ensure local residents are employed on the project.”

Great Lakes’ subsidiary, Terra Contracting Services, LLC, will be responsible for the Oakley Sediment Basin rehabilitation portion of the contract.

Great Lakes CEO Jon Berger commented: “This project reflects our strategy to offer more comprehensive solutions to our customers, utilizing our dredging and remediation capabilities.”

The project is scheduled to be completed in late 2019.

[mappress]

Press Release, February 20, 2014