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China Allocates Special Fund for Yushu Reconstruction

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The first batch of central-budget special funds has been allocated for post-quake reconstruction in Yushu Prefecture in northwest China's Qinghai Province, the Ministry of Finance said.

The ministry said in a statement that the 3 billion yuan (US$439 million) will be used to rebuilding public infrastructure in the quake-hit area, including residential houses, schools and hospitals.

The central government said earlier it will allocate 9 billion yuan for reconstruction from the central budget in the first year after the quake.

According to the ministry, the rebuilding and repairing of residential homes is the top priority of all reconstruction projects, with 2.5 billion yuan to be spent on the rebuilding of houses.

The 7.1-magnitude earthquake that hit Yushu on April 14 left 2,698 dead and 270 still missing.

The State Council approved a plan for post-quake reconstruction in Yushu at the end of last month.

According to the plan, China will finish most reconstruction projects within the next three years to ensure that living conditions and economic development are fully restored.

(Xinhua News Agency June 12, 2010)

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