Nepal Flood Losses Estimated at $2.56 Billion, Official Says
- Nepal's catastrophic floods caused property and infrastructure losses worth at least 387.5 billion Nepalese rupees , according to Dharma Raj Upreti, chief of the National Disaster Risk Reduction and Management Authority.
- The early recovery cost in the first four months, including rebuilding roads, temporary shelters, providing drinking water, and restoring power, is estimated at around $52.6 million.
- Approximately 20,000 houses need rebuilding in flood-affected areas, with at least 7,500 homes destroyed.
- The disaster was caused by a glacier collapse on August 26, sending floodwaters down the Trishuli River, killing over 1,250 people, leaving more than 4,200 missing, and displacing thousands.
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Nepal is facing one of the worst disasters in recent years, after the floods triggered by the collapse of a glacier. At least 1,252 people have died, more than 4,200 are missing, and about 20,000 homes will have to be rebuilt.
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The first four months of reconstruction after floods in Nepal will cost 338 million, authorities say.
Nepal flood losses estimated at $2.56 billion, official says
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Nepal floods cause at least $2.56 billion in property, infrastructure damage
Nepal's recent catastrophic floods caused extensive damage to property and infrastructure. The estimated cost of this destruction reached at least $2.56 billion. Early recovery efforts will require approximately $52.6 million for essential services. These funds will rebuild roads and provide temporary shelters for affected populations. Drinking water and electricity restoration are also key priorities for the nation.
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