Nepal Flood Losses Estimated at $2.56B
The devastating floods that struck Nepal last month caused damages estimated at around $2.56 billion, including the destruction of thousands of homes and infrastructure. A Nepalese official confirmed that the cost of rebuilding during the first four months of recovery is approximately $52.6 million, with the need to reconstruct about 20,000 houses after the floods completely destroyed at least 7,500 of them. The floods have resulted in over 1,250 deaths and left more than 4,200 people missing.
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