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http://www.shawgrp.com
October 23, 2009 09:00 AM Eastern Time 

Shaw Makes History with Major Milestone at World’s Largest Surge Barrier in New Orleans

  • Final 66-inch diameter vertical pile installed at IHNC Surge Barrier project for hurricane protection
  • Barrier to provide crucial protection to city of New Orleans from 100-year level of storm surges

BATON ROUGE, La.--(BUSINESS WIRE)--Just 10 months since breaking ground on the Inner Harbor Navigation Canal (IHNC) Surge Barrier project, The Shaw Group Inc. (NYSE: SHAW) has completed a major phase of construction on Lake Borgne near New Orleans, driving the final 66-inch diameter, 144-foot-long vertical pile on the foundation of the world’s largest storm surge barrier on Oct. 21, 2009. The two-mile floodwall, designed as part of a system to provide 100-year-level storm protection to the city and surrounding areas, extends from the north of Louisiana's Gulf Intracoastal Waterway to the south of the Mississippi River-Gulf Outlet (MR-GO).

“The milestone Shaw has achieved thus far and our path forward are evidence of the team’s resolve to achieve the barrier’s projected protection level by the peak of the 2011 hurricane season.”

In April 2008, the U.S. Army Corps of Engineers (USACE) awarded Shaw the project management, design and construction contract for the IHNC Surge Barrier, the largest design-build civil works project in USACE history. Under the terms of the contract, Shaw ultimately will construct a 10,000-foot-long, 26-foot-high barrier floodwall, two flood gates (a swing barge gate and a sector gate) on the Intracoastal Waterway, a vertical lift gate at Bayou Bienvenue and rock-reinforced T-style floodwalls.

During Hurricane Katrina in 2005, storm surges entering the Intracoastal Waterway and MR-GO combined in the IHNC to overtop and collapse a 4,000-foot-long section of floodwall, causing widespread flooding to the city of New Orleans and surrounding areas. To be completed by 2011, this barrier is part of a system expected to block future 100-year hurricane-level storm surges from entering the IHNC.

“From their unprecedented unwatering of the city following Hurricane Katrina to debris removal to temporary housing assistance, Shaw’s commitment to the recovery and rebuilding of New Orleans is well documented,” said Col. Robert Sinkler, commander of the U.S. Army Corps of Engineers’ Hurricane Protection Office. “We value Shaw’s design-build expertise and program management capabilities, which are enabling each planned phase of this important project to be completed on schedule.”

Finishing the first major phase of construction, the 1,271st and final 66-inch diameter vertical pile that serves as the backbone of the barrier was installed on Oct. 21. The 7,500-foot-long central portion of the two-mile-long wall is made up of 144-foot-long concrete cylinder vertical piles driven to a depth of 130 feet into the earth reinforced by 2,600 concrete closure piles and 660 36-inch diameter steel batter piles.

On Oct. 5, 2009, Shaw crews also installed the first horizontal concrete cap beam at the top of the IHNC barrier floodwall. When added, the beams increase the protection level to approximately 20 feet and add another layer of integrity to the barrier’s overall structure, providing a placement area for the parapet walls that ultimately will increase the barrier’s height to 26 feet.

“The IHNC Surge Barrier is the largest floodwall in the world to provide this type of fortification against this level of storm surges,” George Bevan, president of Shaw’s Environmental & Infrastructure Group. “The milestone Shaw has achieved thus far and our path forward are evidence of the team’s resolve to achieve the barrier’s projected protection level by the peak of the 2011 hurricane season.”

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management “believes,” “expects,” “anticipates,” “plans” or other similar expressions) and statements related to revenues, earnings, backlog or other financial information or results are forward-looking statements based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company’s reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company’s Web site under the heading “Forward-Looking Statements.” These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis, visit our Web site at www.shawgrp.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6081253&lang=en

Contacts

The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
chris.sammons@shawgrp.com
or
Media Contact:
Gentry Brann, 225-987-7372
gentry.brann@shawgrp.com

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The 1,271 66-inch diameter vertical piles were installed by the Shaw team, which is operating in two 10-hour shifts to complete the project by the height of hurricane season 2011 (Photo: Business Wire).

The 1,271 66-inch diameter vertical piles were installed by the Shaw team, which is operating in two 10-hour shifts to complete the project by the height of hurricane season 2011 (Photo: Business Wire).

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From left to right, the IHNC Surge Barrier extends the length of the "golden triangle," from the Gulf Intracoastal Waterway, Lake Borgne and the Mississippi River-Gulf Outlet (Photo: Business Wire).

From left to right, the IHNC Surge Barrier extends the length of the "golden triangle," from the Gulf Intracoastal Waterway, Lake Borgne and the Mississippi River-Gulf Outlet (Photo: Business Wire).

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The Shaw team is utilizing state-of-the-art technology to build the protective flood barrier wall (Photo: Business Wire).

The Shaw team is utilizing state-of-the-art technology to build the protective flood barrier wall (Photo: Business Wire).

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