Nepal floods result in over $2.5B losses
The floods that struck Nepal last month caused losses exceeding $2.56 billion, destroyed at least 7,500 homes entirely, and forced the rebuilding of around 20,000 homes in the affected areas. Estimated costs for constructing roads, shelters, and providing water and electricity amount to $52.6 million during the first four months of recovery. The floods also resulted in over 1,250 deaths, with more than 4,200 people reported missing. Additionally, an avalanche caused a surge of snow, rocks, and mud to rush down the Trishuli River between Nepal and China.
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