Built to inform

Sign up for the daily newsletters

No, Thank you

Consortium reveals $1.5bn deal for Suez canal work

Four firms will combine to create second shipping lane; deepen waters

NEWS, Projects, Contract award, Egypt, Jan de Nul, National Marine Dredging Company, Suez Canal, Van Oord

A consortium of four dredging contractors has picked up a $1.5bn dredging contract in relation to the new Suez Canal expansion project.

The four consortium members include Dutch firms Van Oord and Royal Boksalis Westminster alongside Abu Dhabi's NMDC and Belgium's Jan de Nul.

The four firms will embark on the construction of a new parallel section of the existing canal along a length of around 50km to allow ships to pass simultaneously in each direction. It also involves a deepening of existing sections to a depth of 24 metres.

Each of the four partners is entitled to an equal share of the contract - $375mn each. They will start the work, using 17 cutter suction dredgers, this year with a view to the project completing in 2015.

 

Most popular

Awards

CW Oman Awards 2019: Infra projects shortlist finalised
Three of Oman's most critical developments from 2018 have been shortlisted for CW Oman Awards

Conferences

Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy
Construction Week's Leaders Kuwait 2018 summit opens
Speakers from Kuwait's Supreme Council for Planning and Development and CSCEC ME are at today's

Latest Issue

Construction Week - Issue 730
Feb 21, 2019