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German flood recovery fund to amount to 30 billion eur -sources – Metro US

German flood recovery fund to amount to 30 billion eur -sources

FILE PHOTO: Aftermath of heavy rainfalls in Germany
FILE PHOTO: Aftermath of heavy rainfalls in Germany

BERLIN (Reuters) – The German government and the federal states have agreed on a flood recovery fund of 30 billion euros ($35 billion), two government sources told Reuters on Tuesday.

Heavy rainfall and flooding last month took many towns in western and southern Germany by surprise despite extreme weather warnings. More than 180 people died.

Of the 30 billion euros, 28 billion will be split between the federal government and the states, the sources said. The remaining 2 billion would be provided by Berlin for infrastructure projects such as motorways.

(Reporting by Holger Hansen, writing by Kirsti Knolle, editing by Emma Thomasson)

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