A consortium consisting of Van Oord, Royal Boskalis Westminster N.V., NMDC (Abu Dhabi) and Jan de Nul (Belgium) has won a $1.5 billion contract from the Suez Canal Authorities.
Each partner will be entitled to an equal share of $375 million in the contract, which will see the expansion of the Suez Canal, a vital shipping link between Europe and Asia.
with the expansion of the Suez Canal, which provides a vital shipping link between Europe and Asia.
The ‘new’ Suez Canal will partially run in parallel to the current waterway and entail widening and deepening of existing parts. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well as the widening and deepening of a number of existing sections to a depth of 24 meters. The majority of the dredging activities for the canal expansion will be executed with 17 cutter suction dredgers. The project will commencein 2014 and is expected to be completed in 2015.
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