OAK BROOK, Ill.–(BUSINESS WIRE)– Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today the receipt of an award for a $23.4 million contract with an additional $11.2 million in options to construct a beach berm and dune at Fire Island Inlet to Moriches Inlet, New York. Fire Island is a barrier island that helps protect back-bay communities along Great South Bay and Moriches Bay. Super Storm Sandy caused extensive damage to Fire Island, with the majority of the dunes on the island either flattened or severely eroded. Work on this project includes repairing the berms and dunes, which will stabilize the island and will help mitigate the risk of incurring damage from a future storm, both on Fire Island and on the mainland communities that it helps protect.
Great Lakes Announces Receipt of $23 Million Award for Coastal Storm Risk Management Project in New York
Feb 24, 2015