Chile quake damage estimated at $30 bn

Last Updated: Saturday, March 13, 2010 - 09:03

Santiago: Chilean President Sebastian Pinera has said property worth USD 30 billion damaged in the 8.8-magnitude quake in the country last month, Xinhua reported.
"The property losses caused by the earthquake and (the ensuing) tsunami are estimated at USD 30 billion," Pinera said at a press conference on Friday.

The Februarty 27 earthquake damaged houses, hospitals, schools and other infrastructure.

Pinera said a readjustment has been made in the country`s annual budget after these events.

"We will use some international credits because Chile has a very low external debt," he noted.

He announced the creation of a fund for the country`s reconstruction.

Pinera was sworn into office on Thursday.

IANS

First Published: Saturday, March 13, 2010 - 09:03

More from zeenews

 
comments powered by Disqus