Nepal raises estimate of earthquake costs

2016-05-13 07:15
A Nepalese resident carries a child on her back as she walks past damaged homes in the village of Ebi in Dhading district some 60km north-west of Kathmandu. (Prakash Mathema, AFP)

A Nepalese resident carries a child on her back as she walks past damaged homes in the village of Ebi in Dhading district some 60km north-west of Kathmandu. (Prakash Mathema, AFP)

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Kathmandu - Nepal's earthquake reconstruction agency has increased by more than $1 billion its estimate of the money needed to rebuild nearly 1 million houses damaged by a powerful earthquake last year.

The Reconstruction Authority said in a report that $7.86 billion will be required, up from the $6.69 billion estimated last year by the government.

The head of the agency, Sushil Gyewali, said on Thursday that the new estimate is the result of a detailed assessment of houses damaged by the magnitude-7.8 earthquake.

Foreign governments and donor agencies have already pledged $4.1 billion in financial help for reconstruction from the April 2015 quake, but progress has been greatly delayed and millions have been left without their homes.

Read more on:    nepal

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