HomeNewsPlans underway for implementation of over US$ 1bn Alabama prison project

Plans underway for implementation of over US$ 1bn Alabama prison project

The plan for the implementation of an over US$ 1bn Alabama prison project is currently in the works. The prison project is intended to minimize the overcrowding and violence, which has plagued Alabama’s correctional facilities for years. Especially, the incidents of violence in December 2020, which resulted in the U.S. Department of Justice suing the state.

The Alabama prison project mainly involves the development of two 4,000-bed men’s prisons for Elmore and Escambia counties. In addition to the new prison facilities, provisions will also be made for medical facilities as part of the project. Following the federal lawsuit, the state is compelled to make improvements to the facilities and provide a safer correctional system.

Search for construction leads
  • Region/Country

  • Sector

Also Read Construction Underway of New Prison Complex in Sinai, Northeast Egypt

Funding for the Alabama prison project

The Alabama Corrections Finance Authority recently raised $509 million from bond sales, as part of the construction costs. But the funds fall short of about $200 million. The state intends to search for other funding options to make up the remaining funds. One source could involve the Legislature providing additional funding or conducting another bond issue during more favorable conditions.

According to Bill Poole, the State’s Finance Director, this deficit will not hinder the prison project. He pointed out that the bond sale funds were entirely separate from the $400 million pandemic relief money already secured. In addition to this, $135 million is also available in General Fund money to finance the project. Poole also mentioned that the state would have to pay between $45 million to $48 million per year. These annual payments will service the debt on the bonds. Construction on the Alabama prison project is still on track for the 2026 delivery date.

After trying to advance the prison project for several years, Governor Ivey was pleased with the steps taken for funding. He described the bond sale as a significant and positive step toward the construction process for the Alabama prison project. The governor said the state would build on this and continue making improvements to its criminal justice system.

Must Read

Brightline West, Los Angeles to Vegas High-Speed Rail

After reaching an agreement with a group of significant labor unions, Brightline, the corporation behind the project, expects construction on the bullet trains to...

The Netherlands to build the world’s largest offshore hydrogen production plant

For the construction of the world’s largest offshore hydrogen production plant in the Netherlands, the Dutch government has selected an area. The area is...

Construction of Mount Hermon Apartments in Florida begins

Mount Hermon Apartments, an affordable senior housing project is now underway in the Fort Lauderdale municipality of Broward county, Florida. Housing Trust Group (HTG)...

Arror and Kimwarer dams in Kerio Valley, Kenya

Four years after being halted, work on the Kerio dams, consisting of the Arror and Kimwarer dams, is set to resume. This comes after...

Framed Allure at Billionaires’ Row in Palm Jumeirah, Dubai, handed over

Framed Allure at Billionaires’ Row in Palm Jumeirah, has successfully been delivered by CK Architecture. This is one of the two signature villas CK...

Los Angeles Overland & Ayres project receives construction financing

Los Angeles Overland & Ayres, a 201-unit, best-in-class multi-housing community in California, has received $84 million in construction finance. This was revealed by JLL...

LEAVE A REPLY

Please enter your comment!
Please enter your name here