Spain will provide 206 million euros ($239 million) to help the island of La Palma in the Canary Islands recover from its volcanic eruption, Prime Minister Pedro Sanchez said on Sunday.

The aid package, which is aimed at supporting infrastructure, tourism and water supplies, would be approved at Tuesday's cabinet meeting and passed by a royal decree as quickly as possible, Sanchez said.

This "potent aid package" will be added to the 10.5 million euros ($12.18 million) in aid approved last week to be granted to help people displaced by the eruption.

"I want to underline the exemplary response of the population. We have to communicate a feeling of security to the residents and to tourists who could visit the island," said Sanchez, who is making his third visit to the island on Sunday as the eruption of the volcano enters its 15th day.

So far, the eruption has led to around 6,000 people being evacuated from their homes and destroyed more than 1,000 homes.

Angel Victor Torres, regional president of the Canary Islands, who was with Sanchez in a meeting with local leaders on La Palma, said the eruption looks set to continue.

"We don't know for certain in what moment we are ... the end doesn't look to be close," said Torres, who added that the 80 million cubic meters of lava the eruption has already thrown out is already twice as much as the amount in the last eruption on the island in 1971.

In addition to the homes and agricultural land, the lava has also destroyed 30 kilometers of road on the island and led to the formation of around 50 hectares of new land as the lava flows into the ocean on the southwest coast of the island.

The volcano increased its activity on Saturday night when over 20 earth tremors with a magnitude of up to 3.5 on the Richter Scale were measured, causing two new fissures to open up on the side of the mountain.

The new fissures, which are around 15 meters apart, began to expel molten lava parallel to the earlier flows which have reached the ocean.

(With input from Xinhua News Agency)