Business and Finance

OAKWOOD BEACH NEW JERSEY

Great Lakes Dredge and Dock Co. won a $9.9 million contract from the Philadelphia District on September 18 for a coastal and storm damage reduction project at Oakwood Beach New Jersey. 

The joint effort between the Corps and the New Jersey Department of Environmental Projection will build a 50-foot wide berm.

The cost of construction will be shared between the federal government and the state on a 65/35 basis. Following the initial construction the project will be renourished periodically over a span of 50 years under the same spending formula. Thanks to a provision in the Disaster Relief Appropriations Act of 2013 the state will be able to finance its portion of the initial construction over 30 years.

Work on the Oakwood Beach project is expected to commence some time after November 1 and must be completed by March 1 because of an environmental restriction after that time.

Sand for the project will come from a borrow area in the main channel of the Delaware River. This project is not connected with the deepening of the main channel however another Corps’ project.

The Oakwood project is nearly two miles in length and will entail an estimated quantity of 346000 cubic yards of sand.

The project was authorized more than a decade ago but did not receive funding until 2013 when Congress enacted Disaster Relief Appropriations Act of 2013.