Spain’s Prime Minister Pedro Sánchez announced additional measures worth €3.76 billion on Monday to help reconstruct the Valencia region following the deadliest flash floods in Spain's modern history. 

The announcement comes amid rising frustration among local residents in Valencia, who feel that both regional and central governments acted too slowly and insufficiently. 

An estimated 100,000 people participated in a march on Saturday to protest the handling of the floods and their aftermath, with the majority of the anger directed at the President of the Valencia region, Carlos Mazón, but also partly aimed at Sánchez.

The floods, triggered by torrential rains on 29th October, claimed the lives of more than 220 people as they swept through the suburbs south of Valencia. 

These new measures are in addition to the €10.6 billion in aid announced last week, Reuters reports. 

“There are still streets to be cleaned, there are garages to be drained, there are many infrastructures to be repaired and, above all, many lives, many homes and many businesses to be restored to normal,” the PM told reporters following the weekly cabinet meeting. 

The package, which includes 110 measures, extends support to rental households and allocates €500 million for mud removal in the affected areas, as well as €200 million in aid for farmers. 

Sánchez also stated that the package provides an additional 12 months of mortgage relief for vulnerable households, building on the one-year moratorium announced last week. 

Furthermore, the prime minister also announced that the government will allocate 150 houses or flats in or near the damaged areas for affected families and set aside €25 million for purchasing additional homes.

The total cost of the floods remains uncertain. However, the government stated last week that total insurance losses are expected to exceed €3.5 billion, based on the first 72,000 claims, Bloomberg reports. 

The majority of these insurance claims will likely be covered by a special government agency established to address natural disasters and other incidents.


 

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