Vermont's recovery cost from Irene estimated to be $733M
MONTPELIER, Vt. (AP) -- The state’s total cost of recovering from Tropical Storm Irene is estimated at $733 million, and the federal government is expected to pay about three-quarters of that amount, Administration Secretary Jeb Spaulding said Thursday.
About $486 million is to repair roads, bridges and other infrastructure including the Waterbury state office complex, $117 million is to help people deal with the aftermath of last summer’s storm and the rest is to help businesses and communities manage the environmental impact of the storm and prepare for the next one.
Of the total Irene recovery costs, the estimate is the state will have to pay about $110 million, Spaulding said during a briefing in Montpelier
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