The Department of the Presidency, led by Nieves Lady Barreto, will receive these funds in the coming days to cover pending needs of individuals and entities affected by the volcano. These 100 million euros are in addition to previous contributions from the Canary Islands' surplus for the reconstruction of the Aridane Valley.
The initial plan included an allocation of 200 million from the Government of the Canary Islands and 400 million from the Government of Spain between 2024 and 2027. However, to date, the regional government has already contributed 350 million, with an additional 50 million to be added in 2027, totaling 400 million over four years. The Government of Spain, on the other hand, has only transferred 100 million corresponding to 2023.
The Minister of the Presidency detailed that the funds will allow for the payment of ash removal, the PEPAC program, continued support for second homes and other buildings, as well as assistance to the Cabildo and local councils in infrastructure recovery.
