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re: Biden says that the Fed Gov't is going to fully fund the repair of the Scott Key Bridge
Posted on 3/27/24 at 4:53 pm to meansonny
Posted on 3/27/24 at 4:53 pm to meansonny
quote:
And like BP after Deepwater Horizon and the Valdez spill, Maersk/Synergy Marine Group can both individually be responsible for overages.
Even if that were true, none of it will come anywhere close to covering the damages and claims from the bridge collapse and harbor disruption.
The federal government paying for it is the only way the bridge gets rebuilt prior to two decades of protracted litigation.
Simple reality.
This post was edited on 3/27/24 at 4:54 pm
1
Posted on 3/27/24 at 5:24 pm to Indefatigable
quote:
The federal government paying for it is the only way the bridge gets rebuilt prior to two decades of protracted litigation.
Simple reality.
That's not true.
Another bridge collapse ran $600M to rebuild. Things may be higher. But expectations aren't $3B for reconstruction alone.
quote:
none of it will come anywhere close to covering the damages and claims from the bridge collapse and harbor disruption.
That is an empty comment.
The bridge will run $1B.
Disruption will be big. But it isn't like other ports aren't looking to take in the business. And if reinsurance is $3B with reconstruction at $1B, that is a hefty sum to help with fatalities and harbor disruption.
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