Great Lakes Dredge & Dock Corporation received a $93 million contract award for the Corpus Christi Ship Channel Improvement Project. Dredging to deepen the entrance channel will commence during the second quarter of 2019, with completion expected in early 2020. The overall ship channel deepening effort will comprise multiple phases over the next five years. The total estimated contract value of the projects is approximately $360 million.
 
The Port of Corpus Christi is the largest crude export port in the U.S., and it processes approximately 100 million tons each year. The port’s impact on the U.S. economy exceeds $124 billion annually, and the planned work on this channel over the next five years is expected to bring significant benefit to the U.S., Texas and local economies.  The deepening project will be a major step toward the U.S. objective of becoming a net exporter of its energy production. The project is sponsored by the U.S. Army Corps of Engineers, Galveston District, working in partnership with the Port of Corpus Christi to fund the work. —Great Lakes Dredge & Dock Corp.