Nepal flood recovery costs 4.78B
The Nepalese government estimates the cost of reconstruction following the floods that swept through the mountainous regions near the China border last month at approximately $4.78 billion. Recovery efforts over the next six months are expected to require around $57.67 million, while long-term reconstruction costs are projected to reach about $4.71 billion. The floods, which resulted from glacier and mountain landslides on August 26, have caused the death of more than 1,400 people and the disappearance of thousands, with 1,385 bodies recovered and approximately 5,130 people still missing. United Nations assessments indicate that damages to buildings amount to around $158 million, with overall losses expected to be significantly higher.
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