Conrad Awarded Ferry Contract and Other Contracts Totaling $36.6m

Wednesday, August 29, 2007
Conrad Industries, Inc. announced the award of a contract for the construction of a ferry, and the signing of contracts for the construction of sixteen barges and a major ferry repair, with a total value of $36.6 million. The Texas Department of Transportation awarded Conrad a contract for the construction of a 264’x66’x15’6” passenger/vehicle ferry scheduled for delivery during 2009 with a contract price of $22.5 million. The ferry will transport up to 70 cars and work the Galveston terminal.

Also, The Puerto Rico and Municipal Islands Maritime Transportation Authority has executed a contract for a dry dock inspection and general repairs to Motor Vessel Culebra II, a 500 passenger, 150’ x 28’ aluminum hull. Additionally, Conrad signed contracts with four different customers for the construction of eleven 120’x30’x7’ deck barges, two 120’x30’x7’ spud barges, a 120’x40’x7’ spud barge and two 250’x72’x12’ crane barges.

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