Spanish Prime Minister Pedro Sanchez has unveiled a significant financial assistance package worth €3.8 billion ($4.05 billion) for the victims of the devastating floods that hit Valencia on October 29, resulting in over 220 deaths.

The new relief package consists of 110 different measures aimed at supporting those affected by the storms. This initiative is part of the government's response to the worst natural disaster the country has experienced in over sixty years. The government has also made a previous commitment of €10.6 billion, which includes both direct aid and loan guarantees, demonstrating their ongoing efforts to help the victims and facilitate recovery in the region.

The measures include various forms of financial assistance, such as direct aid and loan guarantees, to help the affected individuals and businesses rebuild their lives. Additionally, the government is implementing measures to improve infrastructure and prevent future flooding in the region. This comprehensive approach reflects the government's commitment to supporting the victims and ensuring the long-term recovery of Valencia.