WARSAW: Poland will mobilise as much as 23 billion zlotys (US$6.01 billion), a few of it from the European Union, to take care of the aftermath of extreme flooding, Prime Minister Donald Tusk stated on Tuesday (Sep 24).
The worst floods in at the least twenty years left many cities in southwestern Poland submerged, and the federal government had stated it could unlock funds from the finances and use European Union money within the restoration effort.
“The size of this assist when it comes to flood aid and the plan we’re getting ready for reconstruction plus, for the time being, European funds – we estimate we can mobilise as much as 23 billion,” Tusk informed a authorities assembly.
European Fee President Ursula von der Leyen stated earlier that €10 billion (US$11.14 billion) can be made obtainable from EU cohesion funds to deal with current flooding in elements of the 27-nation bloc. She stated a few of the situations often connected to such funds, equivalent to co-financing by member states, can be lifted to hurry up the response.
Round 5 billion euros from this have been earmarked for Poland.
She additionally stated that cash from the EU’s Solidarity Fund, which helps member states hit by pure disasters, can be used to rebuild infrastructure.
Finance Minister Andrzej Domanski has stated 2 billion zlotys shall be put aside within the finances for flood aid.
The minister for funds and regional improvement, Katarzyna Pelczynska-Nalecz, has stated 1.5 billion zlotys from Poland’s present EU funds can be redirected to reconstruction, with one other 3.5 billion probably allotted to constructing floodwalls, reservoirs and dams.