ANTANANARIVO, Dec. 18 (Xinhua) -- The cost of the March 20 legislative election planned by Madagascan Transitional President Andry Rajoelina is estimated at 30 billions ariary (about 15 million U. S. dollars).

Deputy Prime Minister Cecile Manorohanta, who is also acting premier and in charge of the Interior Ministry, told a press conference on Thursday that the spending would come entirely from the budget of the Madagascan government, which is ready for the election.

She proposed the immediate establishment of an Independent National Electoral Council, which would be responsible for organizing the polls.

On Wednesday, Rajoelina said in a statement he decided to hold the election because of the impossibility of coexistence with the three political camps respectively led by former presidents Marc Ravalomanana, Didier Ratsiraka and Albert Zafy and the failure of international mediation in the political crisis.

Rajoelina said elected lawmakers would draft a new constitution for the Fourth Republic and the political party winning a majority of votes in the election would appoint the prime minister for the transition.

The three political camps were scheduled to arrive in the country on Friday. They have made no comments on Rajoelina's decision to hold an early parliamentary election.

Representatives of the international community are discreet on their position. Only France has said, "The early elections in March 2010 may contribute to a durable solution if their organization provides reasonable assurance of transparency, monitored by an independent electoral commission and monitored by international observers."

In a statement quoted by the Express, a Madagascan daily paper published on Friday, France "invites all Madagascan parties to resume dialogue in order to reconnect with the consensus needed for any resolution of the crisis."