FOIA Document | June 15, 2011

Planning Needed on Special Purpose Entity Funds for the Guam Realignment (D-2011-070)


Our audit objective was to determine whether DoD developed plans and procedures for the repayment of funds financed by the Special Purpose Entities (SPEs). The estimated cost for the HI Marine Expeditionary Force relocation to Guam is approximately
$10.27 billion. The government of Japan (GOJ) has agreed to provide $6.09 billion1 which will include approximately $3.29 billion in equity and loans to SPEs that will finance construction and maintenance of family housing and utilities.