U.S. awards $275 million border wall contract to begin in 2021

Bank review, current USBR score and consumer report

The U.S. government has awarded a $275 million border wall contract for construction that would begin in South Texas in January, at the start of President Donald Trump’s second term if he is re-elected.

Caddell Construction Company, based in Montgomery, Alabama, won the contract to build 14 miles (22.5 kilometers) of barriers in and around Laredo, Texas, a city of 260,000 people on the Rio Grande, the river that runs between Texas and Mexico.

U.S. Customs and Border Protection announced the contract award Friday night using funds it had previously received from Congress rather than military funding re-directed to the wall. CBP said construction would begin in January 2021 “pending availability of real estate.”

There is little existing wall separating Laredo and its sister city of Nuevo Laredo, Mexico. Much of the planned construction would cut through private land in neighborhoods close to the edge of the Rio Grande, requiring the government to take property through its power of eminent domain.

U.S. government lawyers have filed lawsuits against South Texas landowners — including homes, businesses, and a Catholic orphanage — to seize part of their property or gain access to survey it. In the adjacent Rio Grande Valley, federal courts have allowed the government to immediately seize some land to expedite construction.

Trump has pressed forward with the border wall during the coronavirus pandemic, with construction ongoing at different parts of the U.S.-Mexico border.

Since Trump took office three years ago, 162 miles (261 kilometers) of new barriers have been built along the border, according to CBP. That’s still well short of the 500 miles (804 kilometers) Trump has promised to build by the end of this year.

Caddell Construction did not return a phone message left Friday seeking comment on the contract. Caddell was one of four companies chosen to build prototype wall designs in 2017.

More politics coverage from Fortune:

Saving lives vs. saving the economy is a false tradeoff, economists say
—Trump’s demand that China pay coronavirus reparations evokes an ugly history
McConnell focuses Senate on conservative judge appointments rather than coronavirus
—Real unemployment rate soars past 24.9%—and the U.S. has now lost 33.5 million jobs
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEO
—WATCH: Fortune’s top 10 heroes of the coronavirus pandemic

Subscribe to How To Reopen, Fortune’s weekly newsletter on what it takes to reboot business in the midst of a pandemic

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

Subscribe to our e-mail list and stay up-to-date with all our news.

The US Bank Review is an independent authority and bank watchdog group monitoring financial institutions operating the in United States. We have no affiliation with any banks featured, reviewed or profiled. All rights reserved. Terms of use and Privacy Policy