$1.2 billion for roads damaged in Hurricane Katrina in New Orleans
The settlement of $1.2 billion in previously unobligated recovery funds brings the total to over $2 billion secured under the Landrieu Administration 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.
Under this agreement, FEMA has approved a $1,287,364,867 lump sum settlement and agreed to the amounts detailed below as capped grants.
To date, FEMA has approved $335,982,639.62 in public assistance funds to the City of New Orleans for disaster-eligible road and drainage repairs.
FEMA has determined that an additional $1,179,778,659.03 is eligible and will be provided in a capped sub-grant, $219,641,450.34 of previously obligated funds will also be included in the capped sub-grant. ■