The names of those who lost their lives in the September 11th terror attacks in 2001 as well as those who died in the 1993 attack will be read by family members, at the site of the World trade Center.
There will be pauses for six moments which mark the timeline of the 9/11 attacks which left 2,998 dead.
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The Bolivian government had earlier confirmed Deputy Interior Minister Rodolfo Illanes had been kidnapped and was at risk of torture.
At least one person has died after part of the building collapsed shortly after midnight, according to local reports.