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Spain has spent 200 mln euros on oil spill so far |
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| SPAIN: December 19, 2002 | ||
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MADRID - Spain has spent 200 million euros ($206 million) so far on offsetting the damage from the huge oil spill washing over its northwest coast, a cabinet minister said on Wednesday.
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"To date we have spent around 200 million euros...a significant amount, which will be topped up with European funds soon," Treasury Minister Cristobal Montoro said in an interview on private television channel Telecinco. Prime Minister Jose Maria Aznar said on Monday the regions whose fishing industry has been devastated by oil from the sunken tanker Prestige would receive 265 million euros of EU funding. The sunken tanker has disgorged more than 20,000 tonnes of of heavy fuel oil since it sank last month. The disaster continues to kill wildlife and is crippling the fishing industry that is vital to the economy of the northwestern Galicia region. Spanish government funding, which includes help for companies hurt by the disaster and extra spending on promoting tourism and food products from the regions affected, will not throw this year's budget off course, ministers said.
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REUTERS NEWS SERVICE
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