Britain continued to be battered by storms today , leaving many areas at risk of further flooding.
Communities Secretary Eric Pickles said that the severe weather had caused damage to the transport network and sea defences as well as power lines.
Mr Pickles told the Commons that the Government would provide £130 million for emergency repairs and maintenance .
P rime Minister David Cameron will chair a meeting of the Government's Cobra emergency committee later today, Mr Pickles said.
Britain has been battered by heavy rain and gale force winds and the relentless adverse weather shows no sign of reprieve.
Hundreds of flood alerts have been issued, including two severe warnings, signifying a danger to life.
Mr Pickles said that £30 million would be spent on "emergency repairs and maintenance" this year with a further £100 million to be spent next year.
"This will cover costs incurred during the current emergency response cost and recovery as well as essential repairs to ensure that defences are maintained," he said.
Mr Pickles said that 5,000 properties have been flooded, including 40 in Somerset.
Many flood-hit homes on the Somerset Levels have already been evacuated, and further rainfall raises the prospect of more residents having to leave their houses.
Meanwhile some 664 homes were still suffering from power blackouts.
Mr Pickles said the full picture of the damage caused to flood defences since the coastal surge in December has "not yet emerged" and th e Government will carry out a "rapid review" of the additional work required.
He also refuted comments made by the Environment Agency chairman Lord Smith who said that Britain may have to choose between saving town or country from future flooding because it is too costly to defend both.
"We will work to defend both town and country," said Mr Pickles.
" For the record, and with respect, I have to say I do not agree with the comments of Lord Smith who implied that there was a choice between town and country."
Meanwhile t he Prime Minister's official spokesman said that Network Rail were in discussions with the Ministry of Defence to determine whether the Armed Forces are able to provide assistance with disruption to railway services.
"(Transport Secretary) Patrick McLoughlin was talking about the fact that the immediate priority is for Network Rail to be assessing the damage that's been done," said the spokesman.
"They have brought in resources from outside the region to help them in that. The Secretary has also put Network Rail in touch with the Ministry of Defence, so that together they can consider the scope for any additional assistance."
Asked whether this could mean the Army being sent in to help mend the track at Dawlish, Devon - where a stretch of railway track has been destroyed because of storms - the spokesman said: "The Prime Minister has said that he is ruling nothing out in terms of providing assistance."
When a sked whether Mr Cameron planned to visit the areas affected by flooding, the spokesman added: "The Prime Minister's focus is absolutely on ensuring - and I think this is what is of greatest importance to the local communities who are so severely affected - bringing as many resources as are needed to bear in terms of providing relief, co-ordinated by Cobra, which the PM will be chairing again today. I think that is the right thing for him to be focused on."