India's flood-ravaged Kerala seeks at least $1.4 billion loan for reconstruction


  • World
  • Tuesday, 21 Aug 2018

Flood victims carry relief material as they walk through a damaged area after floods, at Nelliyampathy Village in the southern state of Kerala, India, August 21, 2018. REUTERS/Amit Dave

NELLIYAMPATHY/NEW DELHI (Reuters) - India's flood-ravaged Kerala state will seek to borrow more than 100 billion rupees (£1.1 billion) to finance reconstruction work after a disaster that has claimed nearly 400 lives, its chief minister said on Tuesday.

The proposed loan is part of a special package that the southern state, which estimates it has suffered damage of at least 200 billion rupees, will seek from Prime Minister Narendra Modi's government for rebuilding efforts, minister Pinarayi Vijayan said.

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