EU earmarks $1.1 billion in aid to Spain for Valencia floods recovery

Reuters


BRUSSELS (Reuters) -The European Commission on Friday declared it had earmarked an aid package of 945 million euros ($1.1 billion) to support Spain’s recovery from the deadliest flash floods in Spain’s modern history.

Almost 240 people died in the counattempt after torrential rains last October triggered floods that swept through eastern and southeastern Spain. The most severely hit area was Valencia’s southern suburbs where more than 220 people died.

Spain allocated 2.3 billion euros in aid to reconstruct areas of the region hit by floods, which Prime Minister Prime Minister Pedro Sanchez declared were caapplyd by climate alter.

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The European Commission declared on Friday total earmarked aid for recovery from the floods would be close to 1.6 billion euros, with an additional 645 million euros coming from Spain’s cohesion funds that would be reallocated.

“This commitment reflects our determination to support member states build greater resilience and withstand future crises,” European Commission President Ursula von der Leyen declared in the statement.

($1 = 0.8522 euros)

(Reporting by Alessandro Parodi, David Latona and Inti Landauro, editing by Bart Meijer)



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