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Morocco to Spend $11.7B on 5-Year Post-Quake Reconstruction


A child reacts after inspecting the damage caused by the earthquake, in her town of Amizmiz, near Marrakech, Morocco, Sept. 10, 2023.
A child reacts after inspecting the damage caused by the earthquake, in her town of Amizmiz, near Marrakech, Morocco, Sept. 10, 2023.

Morocco plans to spend at least $11.7 billion in a post-earthquake reconstruction plan over the next five years, the royal palace said Wednesday.

A 6.8 magnitude earthquake struck Sept 8, killing more than 2,900 people, mostly in the hard-to-reach villages of the High Atlas mountains.

The plan would target 4.2 million people in the worst-hit provinces of Al Haouz, Chichaoua, Taroudant, Marrakech, Ouarzazate and Azizlal, the royal palace said, following a meeting of King Mohammed VI with government and army officials.

The plan covers rehousing and the upgrade of infrastructure in a way that is conducive to social and economic development in the quake-hit areas, it said in the statement.

The quake-stricken areas are among Morocco's poorest, with many remote villages lacking proper roads and public services.

The royal palace said the plan would be funded by the government's budget, international aid and by a fund set up in response to the quake.

The fund has so far received some $700 million in donations.

Last week, the palace said that 50,000 houses were known to have been damaged and that authorities would provide shelter and $3,000 to affected households.

It also pledged to offer reconstruction aid of $14,000 for collapsed homes and $8,000 for damaged ones.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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