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To: Johnny Canuck who wrote (34179)	9/15/2001 12:21:34 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69438

WTC Technology Replacement Costs Billions Sep 14 5:08pm ET CARLSBAD, Calif. (Reuters) - The cost of restoring and replacing information technology and communications infrastructure in and around the former World Trade Center could reach $15.8 billion, according to a preliminary estimate by an independent research firm. The banking and financial services industries have long been among the most intensive and aggressive purchasers of computer and communications technology. And, because the World Trade Center -- whose twin 110-story towers collapsed on Tuesday after two hijacked passenger jets crashed into them -- was one of the foundations of global finance, the cost of replacing the destroyed technology gear is so high. Computer Economics, based in Carlsbad, California, said that the immediate impact is $1.7 billion, due to the more than 25,000 technology and communications works across the globe who have been working to assure continuity of service. There is also a need to replace critical equipment immediately, requiring contractors and service companies. Fully $8.1 billion is the estimated long-term impact for the banking and financial services firms that dominated the World Trade Center and surrounding blocks. "It is likely that over 100,000 information intensive workers will be relocated to temporary and new permanent facilities," Computer Economics said. The $8.1 billion figure includes buying and installing telecommunications and data communications support and replacing servers, workstations, terminals, printers, and other equipment. There is also a long-term impact on communications infrastructure itself, which Computer Economics estimated at $6 billion. Many offices and networks were made inoperative by the terror attacks on Tuesday, networks that took years to build. The underground installations of Manhattan -- now horribly damaged, if not completely destroyed -- will continue to be traumatized as clean-up and reconstruction take place. "The cost to access, repair, redesign, and replace the capacity that was damaged or destroyed will, of course, be highly dependent on how" the World Trade Center and surrounding blocks will be rebuilt and developed in the next several years, the research firm said in a statement.