Trump Asks Congress For $1.6B For Border Wall

The new section of fence, north of Eilat; border wall
Border Fence Between Israel And Egypt

President Donald Trump has asked Congress for $1.6B in his 2018 budget for the border wall that became a central issue in his presidential campaign.

The $1.6B would build and replace 74 miles of barriers. The Department of Homeland Security’s budget asks Congress for “32 miles of new border wall construction, 28 miles of levee wall along the Rio Grande Valley and 14 miles of new border wall system that will replace existing secondary fence in the San Diego Sector.” 

Because the wall will take three and a half years to construct, according to the Department of Homeland Security, additional funds are expected to be requested in subsequent years.

The Department of Homeland Security estimated the wall, which would stretch the 1,200 miles separating the U.S. from Mexico, would cost $22B. About 650 miles of barriers exist along the border. 

In March, the Department of Homeland Security opened two requests for proposals — one for a concrete wall and another for other types of barriers — and got some pitches that included incorporating shipping containers. Mexico's president, Enrique Peña Nieto, has said his country will not pay for the proposed wall.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Fermi Finally Secures Project Matador Tenant In A $6.5B Deal

Meta Launches $1B Community Fund As Opposition To AI Infrastructure Grows

Wall Street's Top Firms Reach $500B Deal With Nvidia For AI Build-Out

GO Residential, Blackstone, Others Get H&R REIT Assets In $4.8B Breakup Deal

Real Capital Solutions Launches Contrarian Office Fund With $50M From CEO

Big Hotel Chains Bask In Business Travel As Industry Emerges From Slump

Yardi-Backed Flex Office Marketplace Launches In U.S. As Companies Plan To Up Attendance

Ryman Hospitality To Pay $1.4B For Orlando Resort Complex

Wendy's Plots More Closures Amid U.S. Sales Slump

Anthropic Strikes Data Center Development Deal With Macquarie, GIC

In The Era Of AI, A New Platform Is Preserving Brokers' Competitive Advantage

More CMBS Borrowers Are Slamming Into The $65B Maturity Wall