Beijing: The Ministry of Finance said on May 14 Tuesday, that it has allocated 1 billion Yuan about $161 million, for geological disaster management in southwest China's Yunnan province.
The fund will be used for the management of major geological disasters in Yunnan, including the monitoring
and assessment of disasters, relocation efforts and the construction of anemergency response system,
according to the ministry.
Starting from this year, theministry will allocate 1 billion Yuan each year for eight consecutive years to fund the construction of a comprehensive system form an aging geological disasters. |
