sexta-feira, 15 de julho de 2011

Reconstruction Funding

According to the Court Auditors, the Regional Government of Madeira has applied only a quarter of the funding received for reconstruction of the damages caused by the 20th February storm. The report revealed that the Regional Government had received a total of 191,3 million Euros, but had only expended 53,6 million of that amount.
The National Government was to contribute 740 million Euros, over a period of four years, and the Regional Government, the remaining 340 million.
The Court Auditors verified that the total payments made by Regional Government in 2010 amounted to 56,38 Million Euros and noted the low contribution of the Regional Government (0,2% of this total), most of which was spent on compensations for damaged vehicles.
Source: I newspaper

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