New Orleans seeks additional $20 million for repairs

New Orleans seeks additional $20 million for repairs    The Port of New Orleans is seeking an additional $20 million in grant money to help with recovery costs from Hurricane Katrina.
   The port’s Board of Commissioners approved a resolution last week seeking funding from the Louisiana Recovery Authority for port repairs, to offset lost revenues and to cover mitigation costs for businesses located on the Mississippi River-Gulf Outlet (MR-GO) and the Inner Harbor Navigational Channel (IHNC).
   The funding request is meant to cover costs that are not covered by traditional insurance and Federal Emergency Management Administration sources.
   Port officials said just the costs of relocating businesses from the MR-GO and the IHNC, which will likely not be reopened for shipping, will come to $385 million.