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GAO: Guam military hub to cost $23.9B
Tuesday - 6/28/2011, 4:12pm EDT
The first $14 billion will come from the U.S. over the next five years for construction work and relocation of Marines as well as an Air Force compound.
Japan will pay $2.8 billion for construction. They will also loan out $3.3 billion for utility upgrades and other infrastructure work on the island.
The GAO says Guam estimates it will need about $3.2 billion in improvements to island infrastructure such as roads, electricity, hospitals, water and sewer, so it can handle about 24,000 additional residents who will come with the buildup.
This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.