Germany’s federal and regional authorities will triple the costs of reconstruction of Western regions of the country affected by a strong flood in July, and allocate about 30 billion euros for these purposes. The exact cost of the infrastructure of the chapter of subjects and the Chancellor of Angela Merkel will discuss August 10, reports the source of the Bloomberg edition.
half of the claimed amount will be allocated from the federal budget, the rest will come from the affected lands, including the North Rhine Westphalia and Rhineland-Palatinate, for which the strongest damage has come.
was previously stated that the volume of financial assistance to restore regions would be 10 billion euros. However, the German federal lands lack building materials for quality work with the consequences of damage caused. In addition, bridges and roads were destroyed, for the restoration of which are large sums. In July, Minister of Finance Olaf Scholz promised to “mobilize everything necessary” to reconstruct infrastructure facilities partially destroyed as a result of natural disaster.
Also last month, the German government approved a package of 400 million euros to provide immediate assistance to affected residents.
Large-scale floods made climatic problems with part of the public agenda in the country. Head of the Central Union of the Construction Industry of Germany (ZDB) Reinhardt Kvast claims that the recovery after the cataclysms will take years.
Floods in the country began on July 12 due to an abnormally large amount of precipitation. During the devastating disaster, more than 160 people died.