Posted on March 15, 2023
The ACS Group, led by its Dragados subsidiary, has been selected by the United States Navy to construct a concrete dry dock in Hawaii at the Harbor Hickam Articulation Base in Hawaii at a cost of 2,840 million dollars (close to 2,700 million), as of this Friday It was reported by the United States Department of Defense. The Pentagon contract also contains some optional items, which if implemented could cost up to 3,417 million dollars. 2027 works are expected to be completed.
Also participating in the contract are local firms Hawaii Dredging and Orion JV. This project represents the first major construction contract awarded within the 8000 million dollar program for the improvement of naval works in Hawaii and the state of Washington, in which Dragados will continue to participate as one of the five teams selected by the United States Navy in 2021. The Pentagon was told to select a consortium led by Dragados with other Canadian and US competitors, including Bechtel, ECC Infrastructure; and TPC-NAN JV.
Sources of the company asked about the contract indicate that Dragados has worked closely with the Navy since 2021, through a collaboration contract to develop methods and technical innovations to develop things. Dredging companies have now been selected for the construction of this dry dock which will be used for the maintenance of future nuclear submarines.
“This important project reinforces the ACS group’s commitment to United States federal government projects, diversifying its portfolio of large projects in North America and further strengthening its universal experience in the execution of large and complex maritime infrastructures,” he indicates. company
The approved appropriation for the program, according to information provided by the Department of Defense, amounts to 463 million dollars in the current fiscal year, 1,267 million in fiscal year 2024; 613 million in 2025 and 498 million in 2026, without counting the possibility of extending the contract through three different options.
The United States has emerged as the main market for DHW. In 2022, revenues of 18,837 million won in the country, 27% more than the previous year and 56% of the total billing group, according to recently presented accounts.
In 2022, ACS has been awarded in the region the construction of 16.2 miles of light rail that runs from Bethesda to New Carrollton in Maryland, about 1,300 million Euros by Dragados USA. Also, through its Pulice subsidiary, it won the contract for the expansion and improvement of the IH35 road in Travis County (Texas), for approximately 660 million euros. This same subsidiary procured the construction of a 12.2-mile tax facility in Hidalgo County (Texas) for approximately $250 million.
Picone was awarded a €338 million contract at the end of last year to install a joint retaining wall and develop barriers to protect infrastructure and reduce the risk of flooding from the Brooklyn Bridge to Montgomery Street in NY. Flatiron, also a subsidiary of the group, was awarded a project to improve the safety of chemical systems and disinfection in the Orinda (California) water treatment plant, for 267 million. Turner has been awarded the €225 million building of a new health education facility on the Lexington University campus in Kentucky.
With these contracts and many other smaller ones obtained from different subsidiaries, ACS’ portfolio in the United States was 33,504 million coins, half of the whole group, at the end of 2012.
So far this year, the group has won large contracts in the country, including the construction for Panasonic’s engine manufacturing plant for electric vehicles in De Soto, Kansas, in a project that raised a total investment of 4,000 million dollars. at the current exchange rate).
That contract corresponds to Turner, the main subsidiary of ACS in the region, which also announced in February that it will build a facility for active pharmaceutical ingredients in Frederick (north of Denver, Colorado) for the amount of 725 million dollars. At the beginning of the year, Turner also planned to spend 73 million dollars to build a university in British Columbia (in Canada) and another 85 million dollars to build a campus in Fort Worth, Texas, both in the consortium. with others Nem. Earlier this year, construction began on a $300 million indoor water park in Mashantucket, Connecticut.