Spain announces 10.6 billion euro aid package for flood affected areas
Al Jazeera
Package includes 838 million euros in cash handouts to small businesses and freelance workers affected by the disaster.
Spain has announced a 10.6 billion euro ($11.5bn) aid package to help those affected by flash floods that killed at least 217 people and destroyed businesses and homes last week.
The package includes 838 million euros in cash handouts to small businesses and freelance workers affected by the disaster, Prime Minister Pedro Sanchez said on Tuesday.
He said the package also includes 5 billion euros ($5.5bn) of state-guaranteed loans, while the national government will finance 100 percent of the cleanup costs by local councils and half the repair to infrastructure.
He added that Spain has also requested aid from the European Union solidarity fund.
”There are still missing persons to be located, homes and businesses destroyed, buried under the mud and many people suffering severe shortages,” Sanchez said in a news conference in Madrid.
