China's Ministry of Railways will pay 500,000 yuan (about US$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 family of a victim, Lin Yan, have agreed to take a compensatory payment of 500,000 yuan, the Wenzhou government said. It is the first family that has reached a compensation deal with the local government.

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.

Police Tuesday disclosed the?name list of 39 fatalities from east China's deadly train collision.

Among the names is Liguori Assunta, a female Italian national, and Cao Erxing, a Chinese American, according to police in the city of Wenzhou in Zhejiang Province, where the accident happened.

The U.S. Embassy in China confirmed on Tuesday that Cao was one of the two American citizens who had died in the accident.

Of the 26 others, 17 were from Zhejiang, six from Fujian, one from Anhui, one from Henan and one from Tianjin, according to the police.

At least 39 people died and 192 others were injured in the accident that occurred late Saturday on a bridge near Wenzhou when bullet train D301 rear-ended D3115, which allegedly lost power after a lightning strike.

All of the 39 bodies retrieved from the crash site have been claimed by their relatives, sources with the Wenzhou government said Tuesday.

But further DNA tests will be carried out to confirm all the victims' identities, a spokesman with the government said.

An excavator is used to dismantle a carriage of a derailed train from Saturday's devastating rail crash near the city of Wenzhou in East China's Zhejiang province.