Emergency support for volcano relief and recovery measures

The Public sector Financing Facility (PFF) aims to support the borrower in addressing the immediate and mid-term needs of the population affected by volcano eruptions. It will seek to provide essential support through the provision of family and subsistence allowances, and housing assistance, including the purchase of housing stock in Grindavík, to help affected individuals and families. In addition to immediate relief, the project will fund preparatory work to mitigate potential impacts on the power plant and multi-utility services on the Reykjanes peninsula, which supply water, district heating and electricity to 33,000 residents and businesses, including Keflavík the international airport.