Flood reconstruction bill to be US$4.78bil


Paradise destroyed: A man looking at the remains of a town in the aftermath of flash floods at Trishuli in Nepal’s Nuwakot district. — AFP

The government estimates the reconstruction bill after deadly floods sparked by a glacial mountain collapse last month will amount to US$4.78bil (RM19.5bil), the foreign ministry said.

Prime Minister Balendra Shah has vowed to “strongly raise” with the international commu­nity the disasters that Nepal has experienced as a result of climate change.

The Aug 26 catastrophe, a tsunami-like flood that began on the China-Nepal border, killed more than 1,400 people and left some 5,600 missing.

Shah will take his first foreign trip as a leader to address the UN General Assembly on the urgent issue later this month, the foreign ministry said.

Foreign Secretary Amrit Baha­dur Rai told reporters on Friday that Shah will address the UN to “draw the attention of the international community to the repea­ted loss of life and property Nepal has had to face, due to climate change and disasters created by it”.

Nepal’s leaders say the Hima­layan country needs long-term international support to adapt to a rapidly-changing mountain envi­ronment.

“The total estimated requirement for reconstruction is approximately US$4.78bil,” Nepali ­foreign ministry spokesman Lok Bahadur Chhetri said on Friday.

“Of this, approximately US$57.67mil (RM234.6mil) is estimated to be required for short-term reconstruction and recovery over the next six months, while approximately US$4.71bil (RM19.2bil) is required for longer-term reconstruction.”

Nepal, a largely rural nation of 30 million people, contributes a fraction of global greenhouse gas emissions compared to industria­lised nations.

While the exact cause of the glacial collapse is unclear, climate change is causing glaciers to melt worldwide, increasing the risk of such disasters.

Scientists say glaciers in the Himalayas, the world’s highest mountain range, are melting faster as global temperatures rise.

“Given the scale and extent of the damage, the government is also undertaking a comprehensive post-disaster needs assessment to determine the full extent of loss and damage and the requi­rement for recovery, rebuil­ding and reconstruction,” Chhetri said.

A UN preliminary assessment estimated building damage from Nepal’s floods at US$158mil (RM642.8mil) alone, warning that total losses – including damage to roads and bridges, agricultural land and humanitarian costs –would be far higher.

Nepal rescuers are still excava­ting hydropower tunnels swamp­ed by freezing mud, with hund­reds of workers among the missing.

Three people were rescued from deep inside tunnels days after the disaster, but there has been no confirmation of further survivors since a Chinese man was pulled out alive nearly a week ago.

The United Nations, which has launched a US$50mil (RM203.4mil) appeal to help more than 84,000 people, has said that “operations are shifting from search and rescue to relief and recovery, though rescues continue”.

Rescuers have retrieved 1,385 bodies, while around 5,130 people are missing, according to the disaster agency on Friday. In China, the toll is 43 dead and 519 missing, according to state media.

The combined toll is 1,428 people dead and more than 5,649 missing, including around 800 foreigners, among them tourists and pilgrims. — AFP

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Motor racing-'Not a good weekend for me': Norris rues poor decision-making in Singapore
India cracks down on youth protests as anger grows against Modi and election chief
Motor racing-Hamilton apologises as pit lane miss costs Ferrari double podium in Singapore
Brunei and Selangor complete FA Cup semi-final cast in contrasting fashion
Tanker damaged by 'unidentified' projectile in the Strait of Hormuz, says UK Maritime Agency
India's IndiGo flight from New Delhi lands safely in Hyderabad after power bank causes luggage fire
Athletics-Feysa holds off Lokedi to win Chicago Marathon, Kipruto triumphs in men's race
Asean News Headlines at 10pm on Sunday (Oct 11, 2026)
Trump says Russia and Ukraine reached 'energy ceasefire'
Missing Malaysian trekker contacted family after nine days, not 37, clarifies MASFIH

Others Also Read