The project was to deepen channels in Port Phillip to 14 metres (46 ft) draught to allow greater access for container ships.
[1] The dredging works were conducted by Dutch company Royal Boskalis Westminster for the Port of Melbourne Corporation (PoMC), a statutory body established by the Victorian Government responsible for the running of the port, at a cost of $500 million and was expected to be completed before 31 December 2009, pending auditor reports and various legal actions against the project.
The amalgamated community group Blue Wedges held public rallies and several pickets from 2004 to 2008, involving surfers, canoes, kayaks, boats and yachts who put themselves in the path of the dredging ship Queen of the Netherlands, which delayed the project for a time.
In contrast, in the Drewry Report, the more accurate calculation of ships that were not loading to full capacity in Melbourne was calculated to be between 10% and 4% -- this Drewry Report was commissioned by the Port of Melbourne Corporation (PoMC previously VCA) in 2001, but was not made accessible to the public until the Victorian Greens obtained it under a Freedom of Information request in 2005—the Drewry Report concluded that, were the channel deepening project to be completely cancelled, the economic loss from this small percentage of ships unable to load to capacity would be in the vicinity of $13 million, rather than the $30 million that had previously been claimed by PoMC.
The PoMC estimated that in the 2006-07 financial year, 38.5% of ships visiting the port was already potentially affected by draught limitations because the channel did not allow for the extra depth, with this figure rising to 44.3% in the December quarter of 2007.
Those materials which are contaminated were to be stored in an underwater clay containment area known as a 'bund' at the existing Port of Melbourne DMG, and capped with clean dredged sand.
These calculation tools provide, respectively, an early warning capability and an assessment of the likelihood that minimum light requirements for seagrasses will be maintained.
[citation needed] The use of a robust monitoring tool in providing accurate and timely information was an important aspect of the project.
SRA Information Technology provided its EnviroSys software as the tool whereby turbidity monitoring and vessel tracking could occur in real time.
Hulls said the SEES would "build upon the EES process to date" and would be "based upon the key areas outlined by the panel and allow for further expert analysis".
Under Victorian legislation passed in 2000, all contracts worth more than $10 million must be published - the cost of the dredging was above this at the time, yet details were not released.
[7] However, a study commissioned by the Australian Conservation Foundation (carried out by Melbourne-based firm Economists at Large) raised questions about the economic benefits of the project.