EC earmarks flood aid for Czech Republic

12-10-2002

The European Commission has earmarked 24 million euros / 720 million Czech crowns/ for flood-relief projects in the Czech Republic. Half of the money is to be used for repairing damage to the country's infra-structure, the rest will be used for environment-related projects. The August floods devastated large parts of the Czech Republic, damaging nine out of thirteen regions. The overall damage estimate is close to 80 billion Czech crowns. Industrial dryers are still working around the clock and town halls are using available finances for the construction of new homes before the onset of winter.