Christie: Preliminary damage estimate for Sandy damage tops $29 billion
The governor of New Jersey says Hurricane Sandy's widespread damage to his state totals approximately $29.4 billion dollars.
Chris Christie announced the number Friday citing damage to personal property, businesses, transportation, utilities infrastructure and New Jersey's tourism industry as all taking hits from the storm.
“This preliminary number is based on the best available data, field observations and geographical mapping, and supported by expert advice from my Cabinet commissioners and an outside consulting company,” said Governor Christie. “In a short period of time, we put together a comprehensive and responsible estimate, which may increase in the weeks ahead, and I stand ready to work with our Congressional delegation and the Obama Administration to get the funding support New Jersey expects and deserves in the aftermath of this catastrophe."
"We will continue to provide immediate relief for our citizens who were struck hard by Sandy,” the Governor continued. “But be assured, I will spare no effort and waste no time to rebuild and restore our tourism industry, our transportation and utilities infrastructure and the lives of our citizens for the long term.”
The estimate is likely to be adjusted but it currently includes aid received to date and anticipated from federal sources including FEMA and the Small Business Administration.
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