Morocco sets aside nearly $12 bn for quake recovery

Morocco to spend $11.6m on earthquake recovery

The King of Morocco, Mohammed VI, has stated that the nation will spend $11.6 million (120 billion dirhams) to rebuild parts of the country hit by the September 8 earthquake, BBC reports. While stating this on Wednesday, he said the money will be used to support more than 4.2 million people affected by the disaster.

Morocco sets aside nearly $12 bn for quake recovery

RABAT: Quake-hit Morocco’s government announced on Wednesday a budget of more than $11 billion for reconstruction, rehousing and socio-economic development of areas hit by the deadly disaster. The 6.8-magnitude earthquake hit Al-Haouz province south of Marrakech on September 8, killing nearly 3,000 people and injuring thousands more. The government said in a statement it was setting aside 120 billion dirhams ($11.7 billion) to help 4.2 million…

Morocco to spend $12bn on earthquake recovery

Morocco’s King, Mo­hammed VI, has said that the country will spend 120bn dirhams ($11.6bn; £9.4bn) to rebuild the regions destroyed by the September 8 earthquake. The funds will also be used to support the more than 4.2 million people in the provinces most im­pacted by the earthquake. The palace said on Wednesday that the funds would be used to “rehouse affected people, recon­struct homes and restore infra­structure” over a five-year period. The…