Tourexpi
Spain's flood-hit Valencia seeks €31.4B in recovery aid
Spain's Valencia region requested €31.4 billion ($34 billion) in
emergency aid from the central government Monday following devastating floods
that killed 217 people.
The comprehensive aid request to Madrid includes additional housing
support of up to €15,000 per household, €7 billion for industrial
reconstruction, €2.6 billion for immediate reconstruction of public
infrastructure and €2.2 billion for flood prevention infrastructure, according
to information shared by the regional government.
Valencia’s president, Carlos Mazon, unveiled a 136-point recovery plan
at an extraordinary Cabinet meeting, alongside an immediate regional aid
package worth €250 million.
The plan includes direct payments of €6,000 to residents whose homes
were damaged, with disbursements expected this week.
Local municipalities will receive minimum grants of €200,000 for urgent
expenses, while the regional government has secured tax payment deferrals for
affected residents.
The floods and Storm Dana damaged more than 20,000 hectares of
agricultural land and destroyed over 100,000 vehicles across 50 municipalities.
Some 30% of homes were reportedly damaged along with numerous hospitals,
industrial sites and shopping centers.
Image
Credit: © AA
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