COR3 has allocated $980 million for 2,283 projects in past 6 months
By John McPhaul
Gov. Wanda Vázquez Garced and the executive director of the Central Office for Recovery, Reconstruction and Resilience (COR3), Ottmar Chávez Piñero, announced Wednesday that during the past six months, the agency has supported the allocation of about $980 million for 2,283 projects aimed at the reconstruction of Puerto Rico.
Of the total of these projects, 2,007 are for permanent work, with an allocation of $636 million. Of these, 555 projects are large-scale and involve an investment of $579 million.
“We are extremely satisfied with the great work of the entire COR3 team during the management and allocation of these funds aimed at these large-scale projects for the socioeconomic growth of Puerto Rico,” the governor said. “We have a long way to go, but I am convinced that dedication to this work will be the key to making the best use of these funds, which are so necessary for our island.”
Funding for permanent jobs encompasses projects such as roads, bridges, water control facilities, buildings and equipment, and public agency, park and recreation facilities, in accordance with Section 406 of the federal Robert T. Stafford Disaster Relief and Emergency Assistance Act.
“All these projects, once developed, will be the best evidence of the great talent and excellent workforce that Puerto Rico has,” Chávez Piñero said. “We thank Gov. Wanda Vázquez Garced, the federal government, and the Federal Emergency Management Agency (FEMA) for their continued support in this process.”
The Public Assistance Program — financed by FEMA and administered by the Puerto Rico government through COR3 — provides grants to eligible governments and certain private non-profit organizations for debris removal, life-saving emergency protection measures, and the repair, replacement or restoration of facilities damaged by a disaster.
The program also encourages protection of these damaged facilities from future events by providing assistance for hazard mitigation measures during the recovery process.
Vázquez stressed that “COR3 guarantees that the Government of Puerto Rico implements recovery and reconstruction efforts efficiently, effectively, and transparently, while capitalizing on the opportunities to rebuild a better, stronger and more resilient Puerto Rico that meets the current and future needs of its residents.”