A the 50/50 joint venture between Royal Boskalis Westminster N.V. and DEME has been awarded a five-year contract for the capital and maintenance dredging of the Martín García channel, located between Uruguay and Argentina in the northern part of the 50-kilometer-wide Rio de la Plata estuary. The contract from the Comision Administradora del Rio de la Plata (CARP) carries a total value of approximately €110 million ($130 million), and signing is expected to take place in the coming weeks.