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 very least twenty years left many cities in southwestern Poland submerged, and the federal government had stated it will liberate funds from the finances and use European Union money within the restoration effort.
“The size of this assist by way of flood reduction and the plan we’re making ready for reconstruction plus, in the mean time, European funds – we estimate we can mobilise as much as 23 billion,” Tusk instructed a authorities assembly.
European Fee President Ursula von der Leyen stated earlier that €10 billion (US$11.14 billion) could be made out there from EU cohesion funds to deal with current flooding in components of the 27-nation bloc. She stated among the situations often hooked up to such funds, reminiscent of co-financing by member states, could 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, could be used to rebuild infrastructure.
Finance Minister Andrzej Domanski has stated 2 billion zlotys will likely be put aside within the finances for flood reduction.
The minister for funds and regional growth, Katarzyna Pelczynska-Nalecz, has stated 1.5 billion zlotys from Poland’s current EU funds could be redirected to reconstruction, with one other 3.5 billion probably allotted to constructing floodwalls, reservoirs and dams.
