Levee Restoration Price Doubles
I guess the below story shouldn’t really surprise anybody following the aftermath of Katrina.
The cost of restoring levee protection in the New Orleans area to pre-Hurricane Katrina levels will be about $6 billion, twice as much as the Bush administration and Congress have appropriated to date, Donald Powell, the federal coordinator for Gulf Coast rebuilding, told members of the state’s congressional delegation Wednesday.
Powell also told the delegation that he would not commit to a financing source or whether the Bush administration would seek the traditional 35 percent local share for the work. He said that “will be part of the deliberations” in coming weeks. Can these people not do anything right?
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