SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 29 Sep, 2017  

Mexico.9.Thmb.jpg Mexico appropriates $248 mn for reconstruction after quakes

Mexico.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 29 Sep, 2017
The Mexican government approved on Thursday the release of roughly $248 million to begin the task of rebuilding after the earthquakes that left 445 people dead.

The amount of money already spent responding to the massive temblors of September 7 and September 19 and the major aftershock of September 23 is likely in the area of $110 million, Finance Secretary Jose Antonio Meade said.

President Enrique Peña Nieto said that the total bill for reconstruction in the areas of central and southern Mexico devastated by the quakes is expected to exceed $2.12 billion. Efe reported.

Officials still don't know how much of that amount will be covered by insurance, Meade said, though adding that the government will probably have "a much clearer idea" of the situation within the next two weeks.

Housing represents the biggest challenge, Meade said a day after Development Secretary Rosario Robles put the number of Mexicans forced from their homes by the earthquakes at more than 250,000.

The government will provide a detailed blueprint enabling the public to track where and how money is spent, Meade said, adding that his department will update the information on a real-time basis.

As if to underscore Meade's point about transparency, residents of a Mexico City housing complex damaged in the September 19 earthquake said that municipal officials are failing to keep them informed about the condition of their homes and the plans for reconstruction.

The city administration has not offered any details about Mayor Miguel Angel Mancera's strategy, the assembly representing the 500 families living in the Multifamiliar Tlalpan complex said in a statement.

One of the complex's 10 buildings collapsed in last week's quake.

The Multi-familiar Tlalpan assembly requested the creation of a panel of federal and municipal officials to brief residents on the plan for reconstruction and on the support available to them in the meantime.

Also Thursday, Mexico's head of emergency services said the confirmed death toll from the magnitude 7.1 temblor that struck the central part of the country last week had reached 343.

This capital accounts for 204 of those fatalities, followed by the states of Morelos, 74; Puebla, 45; and Mexico, 13, Luis Felipe Puente said.

Ninety-eight people perished in the southern states of Chiapas and Oaxaca as a result of the magnitude-8.2 earthquake of Sept. 7, whose epicenter was just off the Pacific coast.

The massive quake suffered by Mexico City in 1985 left at least 20,000 people dead.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter