The contract carries a total value for the 50/50 joint venture with Belgium-based DEME of approximately $130.43m and signing is expected to take place in the coming weeks, the company said in a statement.
The Martín García channel is the main access channel to Uruguay's second largest port, Nueva Palmira, as well as to the Rio Uruguay. The dredging programme consists in deepening the canal and subsequently maintaining a depth of 34 feet over the contract period.
The capital dredging work will be performed in 2018, when approximately 6m cum of mainly sand and silt will be removed with two trailing suction hopper dredgers as well as approximately 500,000 cu m of clay and rock with a large backhoe. The maintenance contract requires the annual removal of approximately 5m cum of mainly sand and silt, over a subsequent period of four years and will be carried out with a trailing suction hopper dredger.
“The Boskalis strategy is designed to benefit from the key macro-economic drivers that fuel global demand in our selected markets: global trade, increasing energy consumption, population growth and the challenges of changing climate conditions. This project is driven by the growth in global trade,” the company said.