The flood disaster caused immense damage. A lot of money is needed for the reconstruction. That should now flow – more than half of a reconstruction fund this year.
Billions for the reconstruction: The aid fund for the victims of the flood disaster in mid-July, especially in western Germany, is wrapped up. After the Bundestag, the Bundesrat also agreed on Friday.
A total of around 30 billion euros is to be paid out for the reconstruction over the next few years.
The Rhineland-Palatinate Prime Minister Malu Dreyer (SPD) spoke of an important signal. The pain and loss of the people weighed incredibly heavy. “We make the promise that nobody will forget.” Reconstruction will be a Herculean task. The North Rhine-Westphalian Prime Minister Armin Laschet (CDU) said that many people had helped in the flood regions. Civil society has proven itself.
Storms with unusually heavy rainfall had triggered a flood disaster in Rhineland-Palatinate and North Rhine-Westphalia. Whole areas were literally torn away or devastated by the masses of water. So far, around 190 deaths have been counted, and several people are still missing.
16 billion euros from the reconstruction fund should flow this year. The federal government alone bears two billion euros for the restoration of federal infrastructure such as motorways and bridges. The remaining 28 billion will be shared equally between the federal states and the federal government. However, the countries do not have to pay their share immediately. First of all, the federal government extends the money, the states then stutter half of their money from the federal government over a period of 30 years.
The money is distributed based on damage surveys – Rhineland-Palatinate receives around 55 percent of the funds, NRW around 44 percent, the rest is distributed between Bavaria and Saxony.
Werner Gatzer, State Secretary in the Federal Ministry of Finance, said in the Federal Council that administrative agreements should now be concluded quickly with the federal states so that the aid is available immediately.
In order to prevent a wave of bankruptcies, the obligation to file for insolvency will be suspended until the end of January 2022 for companies that have got into financial hardship due to the flood – as long as the companies concerned are conducting “serious financing or restructuring negotiations” and thus have justified prospects Renovation exist.
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