Boskalis Bags Long-term Dredging Contract
Royal Boskalis Westminster N.V., together with a Cypriot partner, has been awarded a contract for long term maintenance dredging works in the Middle East.
Boskalis and its partner will develop and build an electrical cutter suction dredger for these works that are set to commence shortly after the commissioning of the vessel in 2019.
The cutter suction dredger will be fully electrically powered through an onshore 33kV powerline connection. The 100-meter-long shallow water vessel will have a capacity of 1,000 kW, allowing it to pump the dredged material over a distance of 7.5 kilometers.
The investment will be fully recovered within the contract, and the dredger will be transferred to the client at the end of the contract duration.
The annual revenue amounts to approximately €25 million ($29 million) over an 11 year period, Boskalis said.