The Weekly Journal January 15-21, 2020

Page 1

Puerto Rico and the Caribbean

Wednesday, January 15-21, 2020 / no. 038

www.theweeklyjournal.com

PUERTO RICO’S HOTEL OPENINGS FOR 2020 P14 ENERGY RATES COULD RISE AFTER QUAKE P6

AFTER QUAKES,

HOW TO STAY SAFE DURING AN EARTHQUAKE P10

>Carlos Giusti/AP

NEW RECONSTRUCTION CHALLENGES FOLLOW

According to official preliminary estimates, the tremors have caused $120 million in damages, but other analyses calculate that losses could reach $1.7 billion

P

Cynthia López Cabán

MLB PLAYER CARLOS CORREA’S CHARITABLE ENDEAVORS ON THE ISLAND P20

clopez@wjournalpr.com

@cynthia_lope

uerto Rico was still recovering from Hurricane Maria’s bruising, when a magnitude 6.4 earthquake rocked the island last week causing $120 million in losses and leveling 559 homes in the southwestern region of the U.S territory, according to the preliminary estimate included with the major disaster declaration petition. This figure, however, doesn’t include the harm to

public infrastructure like schools, roads, bridges and the ailing electric grid, which the executive director of Puerto Rico’s Electric Power Authority (Prepa), José Ortiz, said sustained about $50 million in damages, or the estimated daily regional economic impact which oscillates between $16.8 to $21 million, according to economist Gustavo Vélez. In the petition, Gov. Vázquez stated that a preliminary evaluation by the U.S. Geological Survey (USGS) calculated the damages at $838 million, which represents 1 percent of the island’s gross domestic product (GDP). GO TO PAGE 4


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