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120 million euro for restructuring in mining regions

Luni, 16 octombrie 2006, 0:00

The National Association for the Development of Mining Areas - ANDZM will use 120 million euro for a program of restructuring in Romania’s mining regions, which have been hard hit by closing mines and social changes. The money comes from the state budget and a World Bank loan for closing mines, environment regeneration and absorbability of social shocks.

Half of the money - some 60 million euro - will be used for social-economic regeneration in 386 settlements affected by closing mines and lay-offs, according to Marcel Hoara, ANDZM general manager. Some 140,000 people have been subjected to massive lay-offs in the sector.

Reports from the area reveal a huge drop in population in the affected areas as many people have left for work abroad and many others live on pensions.

A World Bank representative also said on Monday that it was not yet clear how the money would be used as solutions in this regard are still documented.

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