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Global Business News

The Economic Times

Global Business / The Economic Times

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Nepal floods cause at least $2.56 billion in property, infrastructure damage

Nepal's recent catastrophic floods caused extensive damage to property and infrastructure. The estimated cost of this destruction reached at least $2.56 billion. Early recovery efforts will require approximately $52.6 million for essential services. These funds will rebuild roads and provide temporary shelters for affected populations. Drinking water and electricity restoration are also key priorities for the nation.

4 Sep 2026 8:35 am