Nepal’s flood rebuilding bill could hit $5 billion, says billionaire Binod Chaudhary
- Nepal’s flood-hit infrastructure could cost at least $5 billion to rebuild, according to billionaire Binod Chaudhary.
- Chaudhary is the chairman of Chaudhary Group, Nepal’s major business conglomerate with interests in food, telecom, banking and infrastructure.
- He said rebuilding could take several years because of Nepal’s difficult Himalayan terrain and the scale of the damage.
- The floods damaged roads, bridges, power infrastructure and settlements, creating a major challenge for Nepal’s recovery.
Source: economictimes.inadiatimes.com
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