The estimated cost of reconstruction works following the devastating earthquakes in Turkey-Syria on February 6th could soar more than $100bn, the United Nations said. It is known that three earthquakes hit the two nations which resulted in over 50,000 deaths and also lakhs homeless. Numerous buildings were down to rumbles.
The Turkish government estimated more than 2 lakh buildings were destroyed due to these earthquakes. The zone of devastation is spread to over 500 kilometers. It is the new estimate that the UN has given and it is three times that given by the World Bank a week ago. Earlier, the reconstruction cost was put at $35bn.
Louisa Vinton of the UN Development Programme said via a video link from Gaziantep in Turkey that, “Already it is clear that the damages alone will amount to more than $100bn and the recovery costs will be more than that.”