Japan will spend 150 billion dollars to rebuild
In the next 5 years, Japan will spend about $ 150 billion for rebuilding infrastructure after the earthquake and tsunami.
Japan’s costs for rehabilitation of infrastructure of north-eastern regions devastated by the earthquake on March 11, 2011 and the tsunami, in the next five years can make up to 10-12 trillion yen – 126-152 billion dollars.
The corresponding figures are indicated in the draft prepared by the Japanese government.
As expected, the government will adopt the plan till the end of this month, the document is intended to serve as the basis for funding the third phase of reconstruction of the country.
The program, among other things, provides the construction of solar and wind power stations in disaster-affected areas.
Legislators did not consider raising taxes as a source of funding for restoration work, so this issue is not in the project, despite the fact that on 25 June the commission of experts recommended that the Government of Japan Cabinet should raise rates to offset future costs.
Earlier, the government experts proposed to raise taxes on income of legal entities and individuals, as well as sales tax, which total 80% of all tax revenues in the budget.
Recall on March 11, 2011, 9.0 magnitude earthquake and the tsunami destroyed the infrastructure of the north-eastern regions of Japan and knocked out the cooling system for nuclear reactors of “Fukushima-1″, which resulted in fires, explosions and several radiation leaks at the plant.
In general, about 24 thousand people were killed and went missing in the disaster, thousands of people were evacuated from the area adjacent to the plant.
According to preliminary calculations, the material damage caused by disasters is estimated at 209 billion dollars.
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