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US Congress endorses Hurricane Sandy USD50.5b relief bill  Join our daily free Newsletter

MENAFN - 29/01/2013

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(MENAFN) The US Senate voted in favor of a USD50.5-billion aid bill for Hurricane Sandy that hit several states in the country in October 2012, reported Xinhua News.

The storm, which resulted in widespread damage in 24 states, killed more than 100 people, whereas damages resulting from the hurricane are estimated to have reached at least USD60 billion.

The bill, which still needs to be signed by President Barack Obama, is aimed at providing assistance to people and businesses in affected areas, in addition to state and local governments' rebuilding projects.

Of the total amount, USD16 billion is allocated for a Community Development Block Grant designed for rebuilding; USD10.9 billion for public transportation projects, while USD13 billion is earmarked to protect the Northeast against another storm.

The vote raises the total relief amount endorsed by Congress for Sandy help to USD60.2 billion, which comprises USD9.7 billion that the House and Senate approved on January 4 to pay flood insurance claims related to Hurricane Sandy.

 






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