great lakes dredge & dock corporation denver address

Army Corps of Engineers, Galveston District. The work under this contract is expected to start in the second half of 2023 and has an estimated completion in the first quarter of 2024.īoth contracts are federally funded and intended for the U.S. Per the contract, Great Lakes will maintain associated channel depths. The second contract, the Galveston Entrance Channel and Houston Ship Channel (Bolivar to Redfish) Dredging Project comprises maintenance dredging work. GLDD expects many more capital projects to enter the market before 2023-end. Notably, the Freeport Harbor Channel Improvement Project is one of the first capital projects awarded by the U.S. Work under this project is expected to start in the second half of 2023 and is anticipated to be completed in the fourth quarter of 2025. This project, which is the third-largest domestic award of GLDD, will open the state to larger ships.

This will make the Port of Freeport the deepest port in Texas. The first contract, the Freeport Harbor Channel Improvement Project, entails Great Lakes to deepen the channel to authorize depths of 51 to 56 feet. Great Lakes shares jumped 9.5% during the trading session on Jun 1, 2023.

Great Lakes Dredge & Dock Corporation GLDD has won two key dredging contracts worth $186.6 million.

Great lakes dredge & dock corporation denver address