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

  • Pakistan rebuilding flood-damaged infrastructure
    January 26, 2017
    Pakistan is setting out plans to rebuild infrastructure that has been damaged by flooding. The work to rebuild highways and bridges damaged by the flooding is expected to cost nearly US$219 million. Funding to help pay for the work is being provided in the shape of a loan worth close to $197 million from the Philippines-based Asian Development Bank (ADB). Pakistan’s National Highways Authority (NHA) has set out a programme of works that involves repairing and upgrading a total of 212km of road as well as 33
    Read More
  • Australia rebuilding roads
    February 15, 2012
    The Australian Government is setting aside funds for a major road rebuilding programme in a bid to repair damage caused by recent flooding.
    Read More
  • ARTBA predicts US construction infrastructure growth
    December 3, 2012
    The American Road and Transportation Builders Association’s (ARTBA) annual forecast suggests that the US transportation construction infrastructure market will show modest growth in 2013. According to ARTBA’s forecast, this segment will increase 3% to US$130.5 billion in 2013. The association’s chief economist, Dr Alison Premo Black, said that growth is expected in highway and street pavements, private work for driveways and parking lots and also airport terminal and runway work. But ARTBA predicts the brid
    Read More
  • Puerto Rico highway attracting bids
    February 29, 2012
    An interesting development is being seen in Puerto Rico, with various financial institutions bargaining hard to win a key highway concession.
    Read More

Highlighted Content