I guess this article says it all...from the Army Corps. site. Do a search in the main site and you'll find it!
Cape Cod Canal Dredging Notice Issued.
From: Corps Report | Date: January 9, 2007
Cape Cod Canal Dredging Notice Issued -- The New England District is proposing a dredging project in the Cape Cod Canal channel and West Mooring basin. Public comments on the project are due by Jan. 17. The estimated cost of the project is $1 million-$5 million. The plan calls for removing about 300,000 cubic yards of material. Assuming no delays stemming from the public comment process, the district should issue a request for proposals in February or March, with work to begin during the summer. ...
That article was actually dated 2002. I just wanted to stir the pot a little more
However, in talking with people, it would not shock me any if that article was true in that, with a federal job it would take about 4 years to get anything going!