Quake-hit Nepal needs US $6.66 billion for reconstruction
June 14, 2015  00:41
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Earthquake-ravaged Nepal's cost of reconstruction is estimated to be approximately US $6.66 billion, according to an assessment survey carried out by the country's planning commission.   

Reconstruction of damaged physical infrastructure has become the most difficult task for the Nepal government after two major earthquakes jolted the Himalayan Nation on April 25and May 12, the post-disaster needs assessment report said.   

"Nepal needs approximately US $6.66 billion for brining the country back on track," Nepal Prime Minister Sushil Koirala's office said in a press release after a meeting of the planning commission chaired by him.   

Bringing the dwindling economy back on track would be a very challenging task as the economy was badly affected by the 7.8 magnitude earthquake that claimed over 9,000 lives and left a trail of destruction.     

According to Nepal's home ministry, the quake destroyed 5,10,762 private homes and damaged 2,91,707 homes partially. Economic losses in the tourism sector are the highest and cannot be recovered through investment equivalent to loss.
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