Nepal reconstruction costs at least 5 billion

Reports indicate that the devastating floods in Nepal have resulted in at least 469 deaths and left around 1,200 people missing, with the numbers likely to rise due to weather conditions and glacial melt. Choudhry Group, which operates in various sectors such as infrastructure and banking services, estimates that the cost to reconstruct the affected areas will exceed five billion dollars, with costs expected to increase due to challenging geographical conditions and the lengthy implementation process. Many areas, including power stations, have been damaged in a disaster caused by potential flooding resulting from glacial melt, reflecting a massive crisis facing the country in its efforts to rebuild and recover its economy.

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