WENZHOU-- China's Ministry of Railways will pay 500,000 yuan ($77,500) in compensation for each victim of the high-speed train crash, according to an official in charge of the compensation deal.

The compensation deal was made public late Tuesday after the first family agreed to accept the amount this morning.

The government of Wenzhou, where the collision happened, and the railways ministry is still working on the compensation package to those who were injured in the tragedy, said the official.

The train crash happened late Saturday when train D301 rear-ended train D3115, leaving at least 39 people dead and 192 others injured.