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Officials brief committee on congressional appropriations, federal contracts and large DoD projects; BSP estimates >$1.3B remaining military construction work
Summary
BBMR and BSP told the committee that recent congressional announcements and DoD activity have produced large appropriations and contracts that will affect Guam's economy; BSP presented a multi‑year picture of federal obligations and said more than $1.3 billion of military construction work remains underway.
At the July 3 meeting, bureau and planning officials summarized federal appropriations and the projected fiscal effect of the DoD military build‑up. Lester Carlson (BBMR) told the committee that recent congressional announcements include a roughly $50 million and a subsequent $260 million road‑paving effort and that a cumulative compilation of appropriations for Guam defense and military work approached $6.2 billion in the slide materials distributed to the…
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