Nepal floods cause 2.56B damages

The devastating floods that struck Nepal last month caused damages estimated at around $2.56 billion, including the destruction of approximately 7,500 homes and the collapse of nearly 20,000 houses in the affected areas, as well as damage to infrastructure and property. The disasters also resulted in more than 1,250 deaths, with over 4,200 people reported missing. The initial reconstruction costs in the early months of the recovery phase are estimated at about $52.6 million, along with plans to build roads, shelters, and ensure access to water and electricity.

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