4 Jan 2017

More flood aid from New Caledonia Nickel Fund

4:07 pm on 4 January 2017

New Caledonia's Nickel Fund has released almost $US500,000 in a one-off payment to repair flood damage in Houailou.

Torrential rain caused widespread destruction

Torrential rain caused widespread destruction on the main island's east coast Photo: AFP

The town on the main island's east coast was hit by unprecedented downpours in November when eight people perished in the floods.

The Fund was set up to help the territory's nickel industry through difficult times.

Last week, the Congress approved half a million US dollars to help the town's nickel sector.

Last year, nearly $US2 million was disbursed to small nickel-related businesses in Canala, Kouaoua and Thio to help them cope with the slump in the price of nickel.

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