INDUSTRY MEETING ON THE KILL VAN KULL AND NEWARK BAY CHANNEL PROJECT The New York District intends to a hold a meeting with the Industry on 25 June 1998 to provide for an early exchange of information among industry and the Corps of Engineers concerning the construction contract structure for the deepening of the Kill Van Kull and Newark Bay Channels. The purpose of the Industry meeting is to foster discussions between the Government and the Industry so that the information provided will assist the Corps of Engineers in acquiring the necessary work in a manner which will maximize competition. The New York District intends to advertise within the upcoming year the first of up to nine(9) contracts to deepen the Kill Van Kull and Newark Bay Channels. Construction will include deepening of the channels from their existing depth of -40 Ft. Mean Low Water (MLW) to a new depth of -45 Ft. MLW. The project will include the removal of material not suitable for ocean disposal; non-rock material consisting of consolidated sands, silts, clays and glacial till suitable for ocean disposal and Diabase & Serpentine rock material. A detailed description of the project is contained in the Limited Reealuation Report dated December 1997. It is anticipated that the cost of each construction contract will exceed $25 million dollars with an estimated total project construction cost between $500 million and $750 million. Copies of the LImited Evaluation Report are available upon request. Discussions at the Industry meeting will focus on concerns regarding the acquisition stategy including the contract type, terms and conditions and performance requirements to include structure and sequence of the construction contracts; disposal of dredged material; availability of equipment; and navigational restraints. Date, Time and Location: 25 June 1998, 10:OO A.M. U.S. Army Corps of Engineers, New York District, Room 1802, 26 Federal Plaza, New York, NY 10278. Industry representatives interested in attending or obtaining a copy of the Limited Reevaluation Report should contact Steve Weinberg at 212-264-9080, prior to 10 June 1998.

Loren Data Corp. http://www.ld.com (SYN# 0500 19980603\SP-0033.MSC)