Nepal floods damage at least $2.56 billion in property and infrastructure

  • Nepal’s disaster authority chief reported extensive flood damage to property, housing and infrastructure.
  • $2.56 billion was the estimated damage, while early recovery was projected at $52.6 million.
  • The early-recovery estimate covers the first four months and includes roads, shelters, water and electricity.

Nepal’s catastrophic floods damaged at least $2.56 billion of property, housing and infrastructure, according to Dharma Raj Upreti, chief of the National Disaster Risk Reduction and Management Authority. Early recovery during the first four months is estimated at about $52.6 million to rebuild roads, provide temporary shelters, and restore drinking water and electricity. The figures were given in Kathmandu on Sept. 4, with the dollar valued at 151.1800 Nepalese rupees.

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