A kind of lightweight aggregate (LWA) has been successfully developed in Taiwan, which was made by expanding under heat fine sediments dredged from the Shihmen Reservoir. In this study the performances of concrete made from the aforementioned LWA were tested and compared with those of the companion normal weight concrete (NC). The test results show that the so produced lightweight concrete (LWAC) exhibited a comparable time-dependent properties (i.e., compressive strength, elastic modulus, drying shrinkage, and creep) as compared with those of the companion NC. Based on the results, it can be concluded that the use of prewetted LWAs and the incorporation of pozzolan materials can effectively control the drying shrinkage of LWAC. The specific creep of the LC mixture was obviously higher than that of the NC mixture at the same curing time.