Damage Caused By Türkiye Quakes Set To Exceed $100B: UN Agency
Date
3/7/2023 10:07:27 PM
(MENAFN- Trend News Agency) Damage from the massive earthquakes that jolted southeastern
Türkiye last month is estimated to be over $100 billion, the United
Nations said Tuesday, trend reports citing daily sabah .
'Already it is clear that just the damages alone will amount to
more than $100 billion,' Louisa Vinton of the U.N. Development
Programme (UNDP) told reporters via video link from Gaziantep
province, adding that the recovery costs 'will be on top of
that.'
The magnitude 7.7 and 7.6 quakes on Feb. 6 caused widespread
destruction in the southeast of Türkiye, killing over 45,000 people
and leading to the collapse or severe damage of over 230,000
buildings.
Described as the worst disaster in Türkiye's modern history, the
quakes, which also severely hit neighboring Syria, impacted an area
home to some 13.5 million people or over 15% of the country's
population.
The World Bank estimated last week that the devastating quakes
had caused damage worth more than $34 billion, with recovery likely
to double that sum.
But Vinton said the Turkish government, with support from UNDP,
the World Bank and the European Union, had calculated far greater
damage.
While preliminary, 'it is clear from the calculations being done
to date that the damage figure presented by the government and
supported by the three international partners will be in excess of
$100 billion,' she said.
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