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Marketplace Morning Report

Counting the costs of Spain’s devastating floods

Marketplace Morning Report

Marketplace

News, Business

4.5928 Ratings

🗓️ 4 November 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: More than 200 people were killed in the floods in Valencia, Spain — the worst in the country for decades. Now, authorities are facing the massive task of reconstructing key roads and tunnels that have been left in ruins. We’ll hear some of the “incalculable” economic impacts. Then, added sugars in packaged baby foods in the Philippines are raising flags for nutritional health experts.

Transcript

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0:00.0

Spain's flood recovery efforts get underway as the economic toll mounts. Hello, this is the Marketplace

0:07.0

Morning Report and we're coming to you live from the BBC World Service. I'm Leanna Byrne. We begin with the

0:12.8

devastating floods in Valencia. More than 200 people were killed in the floods, the worst in Spain for

0:18.3

decades. Authorities are now facing the massive task of

0:21.8

reconstructing key roads and tunnels that have been left in ruins. For more on the economic impact,

0:27.2

let's speak to Katie Silver. Hi Katie. Hi, Leanna. Now, Katie, with bridges collapsed and higher

0:33.3

towns submerged in mud, what kind of costs are we looking at for rebuilding critical infrastructure?

0:39.7

Well, one report I saw basically said that the costs would be incalculable.

0:44.4

So to give you an idea, on Friday we heard from Spain's Transport Ministry releasing about

0:49.1

25 million euros, but that is just to cover the first emergency repairs, to deal with

0:54.1

things like rail

0:54.8

and infrastructure. To give you an idea there's this entire freeway viaduct that's being

1:00.1

destroyed by the floods, about 80,000 vehicles go over it every day. And so they've set up a temporary

1:05.5

detour, but that's going to need to be rebuilt. Two rail tunnels, severely damaged kilometers and kilometers of commuter train lines that need to be rebuilt. Two rail tunnels severely damaged kilometres and kilometres of commuter train

1:12.7

lines that need to be rebuilt, as well as indeed the train line that connects Valencia to the capital

1:17.9

Madrid. So estimating these costs is basically impossible. Now residents have expressed frustration

1:24.5

at what they see is a slow government response. What financial aid or relief

1:29.1

packages has the government promised so far? And are they likely to meet the needs of the affected

1:33.9

communities? The country's Prime Minister, Pedro Sanchez, is basically last week said, we won't

1:38.9

leave you on your own and they're going to use the resources of birth to state, as well as, if

1:43.1

necessary, those of the European Union to help people there.

1:46.2

We're also hearing the president of the Valencian government, Carlos Mazon.

...

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