Ocean Community News

New Orleans Secures $1.2 Billion to Repair Hurricane Katrina Damage

FEMA has obligated $1.2 billion in recovery funds to repair Hurricane Katrina-related damage to New Orleans’ roadways and subsurface infrastructure, including water, sewer and drainage pipes.

The settlement of $1.2 billion in previously unobligated recovery funds brings the total to over $2 billion secured for roads and subsurface infrastructure. This final settlement with FEMA is the result of year’s long negotiations to determine a final estimate of eligible costs for repairs between the City of New Orleans, Sewerage and Water Board of New Orleans (S&WB) and Governor’s Office of Homeland Security and Emergency Preparedness (GOHSEP). The City and S&WB requested approval of a capped sub-grant permitting them the flexibility to utilize the funds throughout the roadway and subsurface infrastructure systems. FEMA has approved a $1,287,364,867 lump sum settlement and agreed to capped grants. For more information, click here.

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