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

  • US president-elect Obama and the future of America's roads
    July 18, 2012
    The current US transportation funding law expires in September 2009. The current law allocates US$286 billion to highway and transportation projects. However, simply re-authorising the same amount will not be sufficient to build, maintain and improve the nation's roads, bridges, airports, and other deteriorating infrastructure. The backlog of projects unaddressed has swollen to the point where the American Society of Civil Engineers (ASCE) says it will take $1.6 trillion to address the country's road and in
    Read More
  • Mexico’s new Jala-Puerto Vallarta Highway
    August 29, 2017
    Mexico’s highway infrastructure plays a key role in the country’s economy, carrying around 55% of its freight and 98% of its passenger traffic. To meet this demand, the network has 377,660km of roads in all. This is split between the 49,652km federal highway network, the 83,982km of state roads, 169.429km of rural roads and 74,596km of access roads. mHowever, although the federal road network manages to connect a large part of the country's strategic points, some stretches already present problems with satu
    Read More
  • Irregularities found in Puerto Rico airport runway project
    July 31, 2015
    According to a report from Autoridad de los Puertos (AP), the state-owned company responsible for ports and airports in Puerto Rico, the companies hired to repave the runway at the Rafael Hernandez airport, in Aguadilla, have committed alleged irregularities and possible fraud. The two companies, Robles Asphalt and BTB Asphalt, have already been fined US$3.6 million for failures by the Federal Court which to be paid within a five-year period.
    Read More
  • Road repairs and cost increases in Australia
    March 13, 2023
    Road repairs and cost increases for projects are being seen in Australia.
    Read More

Highlighted Content