Cabinet Allocates Rls 600b For Natural Disasters Headquarters

18 June 2004 | 10:23 Code : 3783 Geoscience events
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The Cabinet approved on Wednesday to earmark 600 billion rials for the Natural Disasters Headquarters in the quake-stricken provinces, news reports said here
TEHRAN June 16 (MNA) -— The Cabinet approved on Wednesday to earmark 600 billion rials for the Natural Disasters Headquarters in the quake-stricken provinces, news reports said here Wednesday. The sum is to be used in coordination with the Management and Planning Organization of the Provinces, Iranian Students’ News Agency (ISNA) reported. The report also added that the fund will be allocated with the aim of giving low-interest loans to the owners of industrial machineries, manufacturing workshops and agricultural and livestock complexes. A devastating earthquake with a magnitude of 6.3 degrees on the Richter scale rocked the historical city of Bam on December 26, 2003, killing over 30,000 people and injuring tens of thousands of others. According to the reports, the earthquake in Bam was the fourth largest in terms of victims since 1970.

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