GULF COAST–(ENEWSPF)–June 8, 2010. As part of the previously announced commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project, BP yesterday announced that it will make an immediate payment of $60 million to the State of Louisiana. In a letter to Louisiana Governor Bobby Jindal and as previously announced, BP detailed its plans to make payments in stages based on the project’s completion milestones.
BP Announces First Payment on Barrier Islands Project for State of Louisiana
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