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Morocco To Spend Nearly $12bn Towards Recovery From Earthquake Damage

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Morocco To Spend Nearly $12bn Towards Recovery From Earthquake Damage

September 21, 2023
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By Enyichukwu Enemanna

Morocco will expend at least 120bn dirhams ($11.6bn; £9.4bn) to rebuild the regions destroyed by the September 8 powerful earthquake, King Mohammed VI has announced.

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The funds will also be used to provide support to over 4.2 million people in the provinces most affected by the earthquake.

It would also be deployed to “rehouse affected people, reconstruct homes and restore infrastructure” over a five-year period, the palace announced on Wednesday.

The 6.8-magnitude earthquake, the strongest to hit Morocco in more than 60 years, killed more than 2,900 people and injured more than 5,000 others.

The earthquake also destroyed infrastructures and more than 50,000 homes in the High Atlas Mountains.

So far, Morocco has received $700m in donations to help with its earthquake recovery plan.

The country plans to make up the deficit using funds allocated by the Moroccan government, international aid and continued donations to the earthquake recovery fund.

Tags: breakingHeritageheritage timesheritagetimesmediahtKing Mohammed VIlatestMorocco EarthquakeMorocco's King Mohammed VInewsthe heritage timesthehtafricathtthtafricatop stories
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