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Army Corps proposes $52b protection plan for N.Y. Harbor to prevent storm damage to region
Investors - SEPTEMBER 29, 2022

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Army Corps proposes $52b protection plan for N.Y. Harbor to prevent storm damage to region

by Andrea Zander

The U.S. Army Corps of Engineers has estimated $52 billion needs to be spent to build a network of coastal barriers to protect the New York City–New Jersey region from storm flooding, reshaping the communities from Inwood to Flushing to Jamacia Bay.

The project assumes a construction start date of 2030 with an overall duration of approximately 14 years, ending 2044. Construction years are assumed for the economics evaluation in the study and are subject to report and project approvals and funding requirements, including federal and non-federal funds. Construction will take place within the applicable environmental work windows.

The tentatively selected plan estimated real estate cost is $5.26 billion for the lands, easements and rights of way required in New York state and $545.27 million for the lands, easements and rights of way required in New Jersey.

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