. | . |
China to spend five billion dollars on quake reconstruction Beijing (AFP) June 14, 2010 China plans to spend five billion dollars on reconstruction work in areas devastated by a deadly earthquake in April, the government said Sunday. A 6.9-magnitude quake struck Yushu county, a largely ethnically Tibetan area in Qinghai province in a remote part of the country's northwest on April 14, killing nearly 2,700 people and flattening thousands of homes. The 32 billion yuan will come from the central budget, with further funding from the Qinghai authorities as well as donations from businesses and individuals, a statement on the central government website said. The main construction work should be finished in three years, the statement said, and the government will cut taxes for companies and financial institutions locally to help job creation and building work.
Share This Article With Planet Earth
Related Links Bringing Order To A World Of Disasters A world of storm and tempest When the Earth Quakes
Honduras moves toward end to isolation Tegucigalpla, Honduras (UPI) Jun 9, 2010 Honduran President Porfirio Lobo Wednesday pinned hopes on an end to diplomatic and political isolation that began with the ouster of Manuel Zelaya as constitutional president and continued through Lobo's controversial election last year. Analysts said next week's talks at the Organization of American States in Washington gave Lobo's government hope that a compromise could be reached. / ... read more |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |