HomeWorldAsiaNepal flood losses estimated at $2.56 billion, official says

Nepal flood losses estimated at $2.56 billion, official says

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KATHMANDU, Sept 4 - ‌Property, housing and infrastructure worth ​at least 387.5 billion Nepalese rupees ($2.56 billion) was lost in ⁠Nepal's catastrophic floods last week, the country's disaster authority chief told Reuters on Friday. 

In the ​first four months of early recovery, the estimated cost ‌to build roads and temporary shelters, provide drinking water and restore power would be around $52.6 million, ⁠Dharma Raj Upreti, chief of the ⁠National Disaster Risk Reduction and Management Authority, said. 

"These are estimated amounts. We have calculated this in coordination with different concerned agencies and departments," ‌Upreti said, adding that a detailed assessment would ⁠be done soon.

Nepal will need ‌to rebuild around 20,000 houses ​in flood-ravaged areas, Upreti said on Thursday, with at least 7,500 of those homes destroyed.

The collapse ‌of a glacier sent a ​flood of ice, ⁠rock and mud down the Trishuli River ‌in Nepal's border region ⁠with China on August 26, wiping out towns and villages and killing more than 1,250 people, ​with more than ‌4,200 still missing and thousands displaced.

($1 = 151.1800 Nepalese ⁠rupees)

(Reporting by Gopal Sharma; ​Writing by Shilpa Jamkhandikar and Tom Hogue; ​Editing by Saad Sayeed)

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