The European Commission has proposed to the European Parliament and the Council an aid of €945 million from the EU Solidarity Fund (EUSF) to Spain to support the recovery from the destructive ‘DANA floods’ of October 2024 in Valencia. In addition, the Commission has approved the reallocation of €645 million from Spain’s cohesion policy funds via […]
EU assists Spain in channelling aid following floods
Following Spain’s activation of the EU Civil Protection Mechanism this weekend in response to the devastating floods in the country, France and Portugal immediately mobilised machinery and waste management vehicles to support operations in the affected areas. Other European countries have also offered their assistance and the Commission is in permanent contact with the Spanish […]
EIB provides EUR 100 million to Valencia for reconstruction and prevention of storm damage
The agreement will boost both the repair of affected infrastructure and preventive measures to improve the region’s climate resilience It is estimated that the investments will create 1,500 jobs during the implementation phase The European Investment Bank (EIB) will provide EUR 100 million to the Valencia Region for rebuilding infrastructure damaged by the DANA (Isolated […]