Coastal Texas Program News Today

Coastal real estate must adjust to climate change and increasingly erratic weather, and Texas is leading the way. Spurred by heavy damage caused by Hurricane Harvey in 2017, the U.S. Army Corps of Engineers and the Texas General Land Office are mounting a $31 billion coastal resilience project on the Texas coast, the most expensive project ever led by the Corps and the largest coast management project ever.

Operator: Good day, and thank you for standing by. Welcome to the Fourth Quarter 2022 Great Lakes Dregde & Dock Corporation Conference Call. At this time all participants are in a listen-only mode.

Rising sea levels threaten billions of dollars of damage to critical coastal roads. Experts say we need to be faster at protecting against climate change.

15.02.2023 - Fourth quarter net loss of $31.2 millionFourth quarter negative adjusted EBITDA of $24.2 millionFull year net loss of $34.1 millionFull year adjusted EBITDA of $17.0 millionNet loss and adjusted EBITDA include $8.1 million charge for retirement of ...

President Biden signed the Water Resources Development Act of 2022 into law on December 23, 2022, which includes authorization of the U.S. Army Corps of Engineers’ (USACE) Coastal Texas Program.

The $34 billion Coastal Texas Program was authorized under the Water Resources Development Act, approved as part of the 2023 NDAA.

U.S. Senator Ted Cruz (R-Texas) met with Army Corps of Engineers Galveston District leadership on Wednesday, August 24th and toured proposed construction sites for the Coastal Texas project.