Extreme rain in China caused $2.2 billion in road damage, further straining public purse

Extreme Rain in China Caused at Least $2.2 Billion in Road Damage, Further Straining Public Purse

BEIJING—Extreme rainfall across swathes of China caused over 16 billion yuan ($2.24 billion) in road damage, the transport ministry said on Wednesday. The preliminary estimate covers damage to roads since the start of flood season, Li Ying, a ministry spokesperson, told reporters, and includes 23 provinces, regions and municipalities—more than two-thirds of China’s administrative divisions. Flood season officially began on July 1, according to C…

Extreme rainfall in China causes $2.2 billion in road damage, straining public finances

Transport Ministry: Extreme Rain in China Caused $2.2 Billion in Road Damage

Extreme rainfall across swathes of China caused over 16 billion yuan ($2.24 billion) in road damage, the transport ministry said on Wednesday, highlighting how climate risks are placing additional pressure on the ailing economy's public purse. The preliminary estimate covers damage to roads since the start of flood season, Li Ying, a ministry spokesperson, told reporters, and includes 23 provinces, regions and municipalities - more than two-thir…

Extreme rain in China caused $2.8 billion in road damage, further straining public funds

So far, 540 million yuan (S$97 million) in emergency road repair subsidies have been allocated to local authorities. Read more at straitstimes.com.

Extreme rain in China causes almost RM10b in road damage, further straining public purse

BEIJING, Aug 27 — Extreme rainfall across swathes of China caused over 16 billion yuan (RM9.46 billion) in road damage, the transport ministry said today, highlighting how climate risks are placing additional pressure on the ailing economy’s public purse.The preliminary estimate covers damage to roads since the start of flood season, Li Ying, a ministry spokesman, told reporters, and includes 23 provinces, regions and municipalities — more than …

China allocates 540m yuan for flood-related road emergencies

China's Ministry of Transport and Ministry of Finance have allocated subsidies of 540 million yuan (about $75.47 million) for road emergencies caused by flooding, the Ministry of Transport said on Wednesday.Twenty-three provincial-level regions in China have suffered from flooding as a result of recent heavy rainfall. The flood damage to transportation infrastructure has led to the loss of over 16 billion yuan (around $2.24 billion), according t…