$15 million for dredging in Dare Country

It is reported that the General Assembly’s 2019 fiscal budget passed Friday morning includes setting up permanent dredging capacity for Oregon Inlet and other North Carolina shallow draft navigation channels.

The legislation allocates $15 million to Dare County to provide a forgivable loan to a private partner for purchasing a shallow draft hopper dredge. Dare County must issue a request for proposals for a private entity by Aug. 1, 2018. Some 60 days after the deadline for proposals, a private partner must be selected. The loan would be paid back by a reduced charge for dredging work. That cost-savings must total $15 million by the end of the loan agreement. If not, the private entity must repay the difference to Dare County which forwards the remainder to the state.

It is significant to conduct this dredging project to local environment,and it will benefit so many aspects to various areas.

The news is collated by Globaldredge.com – Dredging Pipeline Supplier