Business & Finance
Business & Finance
Ventura Harbor gets $5.5M for dredging and beach replenishment
Congresswoman Julia Brownley recently presented Ventura Harbor with a ceremonial check of $5.5 million to pay for the maintenance dredging of this harbor in Ventura County, California. “Since day one, I have been working on funds for dredging and maintenance of our harbors in Ventura County. That is
Business & Finance
Additional funding for the Freeport deepening project
The Port Freeport is about to receive additional funding of around $73.1 million from the Army Corps Fiscal Year (FY) 2022 Work Plan for the Freeport Harbor Channel Improvement Project (FHCIP). To date a total of $117 million has been allocated to this dredging project since receiving a “new start”
Business & Finance
CPRA announces passage of 2023 Annual Plan
The Louisiana Coastal Protection and Restoration Authority (CPRA) has announced the Louisiana Legislature’s unanimous approval of the Fiscal Year 2023 Annual Plan. The plan outlines a $1.35 billion investment toward 142 active projects across South Louisiana. “The passage of the Fiscal Year 2023 Ann
Business & Finance
DSB supports the largest project in Boskalis’ history
Today, the Dutch State, represented by Atradius Dutch State Business (DSB), decided to support the largest project in Boskalis’ history by means of an export credit insurance (ECI). At the end of 2020, Boskalis was awarded a contract for the land development of the new Manila International Airport w
Business & Finance
Buffalo District to continue maintenance of federal shipping channels
The President’s Budget for fiscal year 2023, released earlier this year, includes more than $6.6 billion in discretionary funding for the Civil Works program of the Army Corps, with just over $141 million set aside for Buffalo District projects. Of great significance for the region is an additional
Business & Finance
Channel Islands Harbor gets $15M for dredging
Yesterday morning, Congresswoman Julia Brownley presented the County of Ventura and Ventura County Harbor Department Director Michael Tripp with a ceremonial check for $15 million for the bi-annual maintenance dredging of the Channel Islands Harbor. This critical funding will meet the dredging needs
Business & Finance
Royal IHC to deliver 10 dredgers to Western Engineering
City Bank has arranged an ECA (Export Credit Agency) backed long term financing of EUR 28.63 million to facilitate Western Engineering Limited, a local leading dredging solution provider, importing 10 dredgers from Royal IHC, Netherlands. Under the arrangement, Dutch ECA Atradius Dutch State Busines
Business & Finance
Galveston Harbor Channel Extension project coming soon
The recently passed Infrastructure Investment and Jobs Act (IIJA) includes substantial funding for Texas dredging projects, among which is the Galveston Harbor Channel Extension scheme. According to the Army Corps, the IIJA Appropriations Law will provide an estimated $11 million in Federal funding
Business & Finance
Brazos Island Harbor dredging project gets funding
One of the projects that will receive funding under the Infrastructure Investment and Jobs Act (IIJA) is Brazos Island Harbor (Port of Brownsville) dredging project in Texas. As announced by Biden’s administration, the Brazos Island Harbor Project will receive $68 million through USACE toward execut
Business & Finance
Support for McClellan-Kerr Arkansas River project
The U.S. Army Corps of Engineers, Little Rock District announced recently that the President’s Fiscal Year 2023 Budget includes $163.6 million in federal funding for the district’s civil works program. This is part of the $6.6 billion in discretionary funding for the Army Corps’ civil works program
Business & Finance
Funding secured for major dredging projects in Texas
More funding is on the way for several ship channel improvement projects in Texas, including the Brazos Island Harbor (Port of Brownsville), the Corpus Christi Ship Channel (Port of Corpus Christi Authority), the Galveston Harbor and Channel (Port of Galveston), and the Houston Ship Channel (Port of
Business & Finance
Over $117M for Detroit District projects
The President’s Budget for fiscal year 2023 includes more than $6.6 billion in discretionary funding for the U.S. Army Corps of Engineers Civil Works program, with just over $117.2 million set aside for Detroit District projects. The $117.2 million Civil Works budget is for the district’s Operation
Business & Finance
Support for Charleston District dredging projects
The White House has released the President’s Budget for fiscal year 2023, which included $46.3 million for the U.S. Army Corps of Engineers Charleston District’s Civil Works program. This budget represents a continued investment in the nation’s water resources infrastructure and in the mitigation an
Business & Finance
Funding secured for Oswego and Little Sodus Bay Harbors
U.S. Senators Charles E. Schumer and Kirsten Gillibrand announced yesterday nearly $7 million in funding for Oswego and Little Sodus Bay Harbors as a part of the recently passed bipartisan omnibus spending package for Fiscal Year 2022. Specifically, the senators said that $5,900,000 will go to repai