UK Trade & Investment, in cooperation with Louisiana Economic Development and UK regional groups in England and Scotland’s Business Gateway, will hold a series of seminars to brief companies on post-hurricane reconstruction opportunities in US Southern States estimated to be worth 140bn.
The events will be held in London, Aberdeen and Manchester during Monday October 31 to Wednesday November 2 2005.
Larry Collins, director of international services for Louisiana State government, will brief UK industry on the extent of sector opportunities, contractors already engaged in reconstruction work and their procurement processes, and support available to UK companies wishing to establish a presence in the State.
UK Trade & Investment staff from the US and the UK will also be on hand to discuss further planned activity to assist UK industry access the reconstruction effort and the range of support and services available to companies seeking to get involved.
The briefing tour is an initiative linked to a long-standing relationship between UK Trade and Investment and Louisiana Economic Development, in cooperation with UK Regional business groups, Business Gateway International (part of Scottish Enterprise), Aberdeen City Council and other industry partners.
Ian Pearson, trade minister, says: “Hurricanes Katrina and Rita were a terrible tragedy and the affected communities need our help to rebuild their lives. I am looking forward to meeting the Louisiana Development board to discuss how UK industry can best focus their extensive skills and capability to help in the US reconstruction effort.
“I encourage UK firms to engage with the seminars as they may find that their expertise is exactly what is required to help speed the process of reconstruction up.
“The UK has expertise in many areas which could help with the rebuilding process. The destruction covers the entire range of infrastructure including oil and gas facilities and pipelines, roads, bridges, ports and levies, private and commercial property, power generation and distribution.”
Hurricanes Katrina and Rita could be one of the most powerful natural disasters in history, and the most costly. Initial research indicates a likely reconstruction/repair bill of around US$200-250bn. The destruction covers the entire range of infrastructure including oil and gas facilities and pipelines, roads, bridges, ports and levies, private and commercial property, power generation and distribution, vehicles and commercial/private furniture and goods. Opportunities also exist in areas such as temporary accommodation; camp management/catering and general clean up.