Dredging is vital for maintaining navigable waterways, supporting maritime trade, and removing contaminated sediments. However, it can disrupt ecosystems through increased turbidity, contaminant release, and habitat destruction. As a result, responsible management is needed to strike a balance between enabling economic progress through dredging and preserving the environment.
Last week, North Carolina lawmakers formally adopted a state budget for the current fiscal biennium. The budget, HB 259: 2023 Appropriations Act, includes an average 7% raise for state.
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Government floats PPP model for dredging projects at major port trusts
January 02, 2021
Dredging industry sceptical of the move
The Government has floated the concept of undertaking channel deepening and maintenance works at major port trusts through the public-private-partnership (PPP) mode.
“A PPP model may be worked out for dredging projects with the hybrid model of combining the capital dredging with maintenance dredging for 10-20 years,” according to the draft dredging guidelines for major port trusts prepared by the ministry of ports, shipping and waterways.
“The revenue share between major ports and PPP operator may be the bidding parameter for floating the PPP projects. The existing PPP operators of the berth may share proportionate cost based on the volume of cargo handled along with the berths operated by the major ports themselves,” says the draft prepared by the ministry and circulated for public consultation.