Barrier Islands to be Constructed03/06/2010 |
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| BP supports the US government's decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated USD360 million it will cost to construct the six sections. These six projects, which will be constructed expeditiously in the areas most at risk for long-term impact by oil, will effectively stem potential damage to these fragile shorelines, according to national incident commander Allen. |
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BP will not manage or contract directly for the construction of the island sections, nor will the company assume any liability for unintended consequences of the project. The company plans to make payments in stages based on the project's milestones.
"BP is committed to implementing the most effective measures to protect the coastline of Louisiana and reduce the impact of the oil and gas spill in the Gulf of Mexico. The federal government and the state of Louisiana have agreed that the barrier islands construction is an effective response to the spill, and we look forward to working with them on this project," said Tony Hayward, BP's chief executive officer.
BP already has provided USD170 million to Louisiana, Alabama, Mississippi, and Florida to help with their response costs and help promote their tourism industries. The company also has paid approximately $42 million in compensation to people and companies affected by the spill.
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