Post-quake damages account upto $10bn in Nepal

Published on May 16, 2015 14:51:51 PM
Chairing a meeting of donor agencies, Nepal Finance Minister Ram Sharan Mahat said that the preliminary estimated cost for the reconstruction of the quake-ravaged country is USD 5 billion and works have been started by setting up a fund of US $2 billion for the time being.

"The country has suffered a loss between US $5 to 10 billion due to the damaged caused by the April 25 earthquake and the aftershocks," the Finance Minister said.

He said that bringing the flagging economy back on track is very challenging since the economy was adversely affected by the April 25 earthquake that killed over 8,400 people across Nepal.