Madrid: The Spanish government has approved financial aid worth approximately 7 billion euros ($8 billion) to assist those affected by the recent storms that have devastated the Extremadura and Andalusia regions.
According to Bahrain News Agency, Spain, along with Portugal, has been hit by multiple storms this year, resulting in extensive damage to infrastructure and agriculture, as well as the evacuation of thousands of residents. Budget Minister Maria Jesus Montero stated that the aid package aims to support over 12,400 people who were evacuated and to alleviate the effects of severe flooding on homes, businesses, and the agricultural and fishing industries. Montero also mentioned the possibility of additional support if ongoing assessments reveal further damage.
Agriculture Minister Luis Planas reported to the national broadcaster TVE that approximately 14,000 hectares (35,000 acres) of crops, including berries, citrus fruits, and olives, suffered damage due to the storms. The state weather agency AEMET has noted that Spain has experienced 38% more rainfall than average since October.
In neighboring Portugal, the government initially assessed the direct reconstruction costs at over 4 billion euros following the devastation caused by Storm Kristin three weeks ago. Portugal has since provided 2.5 billion euros in loans and incentives to aid in the rebuilding process.