De La Espriella Says that Reconstruction After the Earthquake in Colombia Will Cost More than US$9.5 Billion
President Abelardo De La Espriella said the preliminary estimate includes 24.5 trillion pesos in building damage and 5.5 trillion pesos in infrastructure.
- On Monday, Colombian President Abelardo de la Espriella announced that rebuilding areas devastated by the August 10 magnitude 7.4 earthquake will cost more than 30 trillion pesos, or about $9.5 billion.
- A specialized firm estimated 24.5 trillion pesos in building damages and 5.5 trillion pesos for infrastructure across the departments of Chocó, Valle del Cauca, Risaralda, Quindío, and Caldas.
- The disaster killed 304 people, injured 4,548, and left 426 missing; nearly 30,000 homes were destroyed while 303 healthcare facilities and 3,443 educational institutions suffered damage.
- De la Espriella instructed the Housing Ministry to implement the 'Reconstruction Miracle Plan' coordinating rebuilding efforts, while the government activated a $200 million World Bank loan for urgent needs.
- The president proposed a 'Marshall Plan' for Chocó, stating, 'This region needs a Marshall Plan that addresses the historic debts owed to one of the country's most neglected departments.
48 Articles
48 Articles
Colombia estimates quake damage at $9.6 billion
BOGOTA — The powerful earthquake that killed hundreds of people in western Colombia caused $9.57 billion in economic losses, President Abelardo de la Espriella said on Tuesday, issuing a preliminary estimate. The 7.4-magnitude tremor, which struck on August 10, was the most powerful in Colombia in nearly half a century. The death toll stands at 289, with a further 4,187 injured and 143 missing. Nearly 27,000 homes were destroyed, leaving many pe…
President De la Esperanza revised the death toll downwards to 289, while 4,187 are injured.
President Abelardo De La Espriella Estimates the Millionaire Figure of Earthquake Losses in Colombia
The 7.4 magnitude earthquake brought down thousands of homes, schools and hospitals, killing at least 289 people in the west of the country.
The powerful earthquake, which killed 289 people in western Colombia, caused some $9.57 billion in damage, according to a preliminary estimate announced on Tuesday by President Abelardo de la Espriella.
According to an estimate, the earthquakes in Colombia have caused damage in billions. At least 27,000 homes have been destroyed, more than 120,000 have been damaged.
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