Haiti reconstruction estimated at USD 11.5bn

Last Updated: Wednesday, March 17, 2010 - 10:32

Washington: Haiti needs USD 11.5 billion
over three years to rebuild after January`s earthquake
devastated one of the world`s poorest countries, a World Bank
and United Nations estimate have found.

The sum is a tentative estimate of the cost to rebuild
crushed infrastructure and relaunch economic activity, said
Sergio Jellinek, World Bank spokesman for Latin America and
the Caribbean.

"This is a draft report. The recovery and
reconstruction figure is still a work in progress," he told, noting the figure does not address issues like double counting.

Jellinek said a final estimate would before an
international donors conference set for March 31 in New York.

Last month, the Inter-American Development Bank, which
is also contributing to the report, estimated that Haiti`s
recovery would cost USD 14 billion.

The January 12 tremor, which killed more than 220,000
people and left 1.3 million others homeless, reduced a large
swath of the capital Port-au-Prince and other cities to
rubble.

PTI



First Published: Wednesday, March 17, 2010 - 10:32
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