Nepal Floods: Reconstruction Costs Estimated at $4–5 Billion, Over 600 Dead

Some sources estimate the cost of reconstruction at up to 1.6 trillion baht (approximately $4–5 billion), while others state the cost is between 4 to 5 billion dollars.

The number of deaths and missing persons varies between sources, with some reporting 626 deaths and 2,426 missing, while others report 633 deaths and 3,000 missing.

KATMANDU - Rescuers in villages buried by rock and earth after catastrophic floods caused by the collapse of a melted glacier on the Himalayas, along the border of Nepal and China, today, the fourth day, found survivors and transported them to safe locations.

Nepal floods: Reconstruction bill could run into ‘billions of dollars’, says Foreign Minister  WION

Nepal's flood damage may cost up to a tenth of economy to rebuild bdnews24.com

According to still provisional official reports, a total of 633 bodies have been exhumed since Wednesday from the thick layer of mud and debris of numerous buildings, roads, bridges, and construction sites swept away by the wave. The cost of rebuilding the affected regions and infrastructure could reach 'several billions of dollars,' according to the Nepalese Foreign Affairs Minister.

Nepal's flood damage may cost up to a tenth of economy to rebuild Apa.az

Nepal says post-flood reconstruction could reach billions of dollars The Times of Israel

The Ministry of Finance said the deposits were made to accounts held at 10 different commercial banks

After devastating floods, Nepal disaster relief fund receives over ₹2 billion in 3 days | World News  Hindustan Times

Nepal says post-flood reconstruction could total ‘billions of dollars’  Al Arabiya English

Nepali Finance Minister estimates cost of rebuilding after massive floods  The Jerusalem Post

Nepal, which suffered massive human and material losses due to a major flood triggered by a glacier collapse on the 26th, has been placed in a situation where it must bear reconstruction costs amounting to about a tenth of its national economic scale. Swarup K. Wagle, Nepal's Minister of Finance, stated in an interview with Reuters on the 29th, "The initial estimate for reconstruction costs is between 4 to 5 billion dollars (approximately 55 trillion to 69 trillion won), but this is just an estimate." He also noted, "The cost will be much lower than what was needed after the 2015 earthquake." The flood occurred on the 26th when a glacier collapsed in the Himalayan region at the border between Nepal and China's Tibet. A large-scale debris flow consisting of rocks, ice, mud, and soil poured down along the valleys and rivers, covering border villages, bridges, roads, and hydropower plants. As of the 29th, the number of deaths in Nepal was reported to be 626, with 2,426 people missing. When including the damage in the Tibet region of China, the number of deaths reached 633, and the number of missing people approached 3,000. The damage was not limited to human casualties. The damage also affected the connection between Nepal and China.

Nepal Finance Minister Swarnim Wagle stated, 'The initial estimates are between 4 to 5 billion dollars. This is just an estimate. Much less than what was needed after the 2015 earthquake will be required,' regarding the cost of reconstruction efforts following the recent floods.

Nepal’s flood damage may cost up to a tenth of economy to rebuild  Arab News

KATHMANDU: Nepal suspended temporary search and rescue (SAR) operations today due to bad weather, in addition to requesting foreign technical assistance to deal with the devastating floods affecting the border region with Tibet.

Nepal's Finance Minister stated that his country requires 4 to 5 billion dollars to compensate for the damage caused by the recent floods.

Nepal will need between $4 billion and $5 billion to recover from the destructive flooding that hit the border regions of the country. This was reported by the republic's finance minister, Swarnim Wagle, to the agency Reuters. "This is just a preliminary estimate. Currently, the damage and losses are being calculated," he noted. A powerful flood wave...

Nepal's finance minister estimates flood reconstruction costs between four and five billion dollars. This devastating flood killed over 600 people and left thousands missing. The disaster destroyed towns, bridges, roads, and damaged hydropower stations significantly. Search and rescue operations continue despite disruptions from bad weather conditions. India has provided substantial relief materials to the affected regions.

The collapse of glaciers on Wednesday caused a massive wave of rocks, ice, mud, and other material that slid down through river systems in the Himalayas, resulting in more than 600 deaths in Nepal and the Chinese Tibet, while over 2,000 are still missing

The collapse of glaciers on Wednesday caused a huge wave of rocks, ice, mud and other material that fell through river systems in the Himalayas, resulting in more than 600 deaths in Nepal and in Chinese Tibet, while more than 2,000 are still missing

Nepal initially estimates that a budget of around 165,000 million baht, or nearly 10% of the country's economic size, may be required to restore damage caused by severe landslides.

Nepal's flood damage may cost up to a tenth of economy to rebuild  The Straits Times

Nepal’s flood damage may cost up to a 10th of its economy to rebuild  The Straits Times

Recovery of Nepal after the destructive flooding may require between $4 billion and $5 billion. This was stated on August 29 by the country's Finance Minister Swarnim Wagle in an interview with Reuters agency. "Nepal needs between $4 billion and $5 billion to recover from the destructive flooding," reports the agency.

Nepal flood toll rises to 626, rebuilding may cost up to $5bn bdnews24.com

Exclusive-Nepal needs at least $4 billion for rebuilding, finance minister says  The Star

Nepal's Finance Minister Swarnim Wagle says reconstruction after the flood disaster will cost at least 4 to 5 billion dollars. - This is just a preliminary estimate as we work to assess the damage and losses, says Wagle to Reuters.

Nepal needs at least $4 billion for rebuilding, finance minister says  Reuters