Puerto Rico infrastructure rebuild budget secured

Funding for major infrastructure rebuilding work in Puerto Rico has now been secured. The US Federal Emergency Management Agency (FEMA) has provided a budget of US$135 million, which will be used to repair roads and bridges in Puerto Rico that were damaged by hurricane Maria. This budget should be sufficient to pay for 90% of the work needed. However the source of the remaining 10% of the infrastructure repair budget has yet to be announced.
April 19, 2018 Read time: 1 min

Funding for major infrastructure rebuilding work in Puerto Rico has now been secured. The US Federal Emergency Management Agency (2906 FEMA) has provided a budget of US$135 million, which will be used to repair roads and bridges in Puerto Rico that were damaged by hurricane Maria. This budget should be sufficient to pay for 90% of the work needed. However the source of the remaining 10% of the infrastructure repair budget has yet to be announced.

Finance & Funding

For more information on companies in this article

Related Content

  • Funding the future for road development
    May 11, 2018
    Once again the spectre of future road funding has raised its ugly head. The US administration has announced plans for a massive redevelopment programme for its crumbling infrastructure network. However, as the American Road Transportation Builders Association (ARTBA) has so succinctly pointed out in a recent report, how to pay for the work has yet to be established. This has been backed up by US transport expert Robert Poole of the Reason Foundation, as he recently commented, “…the way we fund and manage th
    Read More
  • Brazil launches new transport infrastructure investment plan
    August 30, 2012
    The Brazilian government has announced a new transport infrastructure investment plan involving the concession of motorway operations and modernisation of the railway sector. The private public partnerships are predicted to lead to an investment of US$65.68 billion (BRL 133bn) in the next 25 years, including US$ 39.63 billion (BRL 80bn) to be spent in the first five years of the contract.
    Read More
  • Ukraine’s bridge repair programme
    November 30, 2020
    Ukraine has set out a bridge repair programme.
    Read More
  • Funding for Rwanda roads rebuild
    July 18, 2016
    Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei
    Read More

Highlighted Content