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Sri Lanka flood relief to cost at least US$1.5 bn

24 May 2016 08:33 am - 6     - {{hitsCtrl.values.hits}}

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The cost of Sri Lanka's landslides and floods will be between US$1.5 billion (1.03 billion pounds) and US$2 billion (1.37 billion pounds) at the minimum, the government said on Monday, as the Indian Ocean Island struggles to recover from its worst natural disaster since the 2004 Asia tsunami.

The official death toll has risen to 92 but 109 people are feared to have been buried in landslides.

Days of torrential rain forced more than 350,000 people from their homes, though many were returning on Monday.

Finance Minister Ravi Karunanayake said more than 125,000 houses and more than 300,000 small and medium businesses were destroyed or damaged.

"This minimum damage cost does not include damaged vehicles, equipment and machinery. We urge foreign donors to channel their relief efforts through the government," he told Reuters.

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  Comments - 6

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  • dham Tuesday, 24 May 2016 01:15 PM

    If MR requested Uganda would bear substantial part. via DM Android App

    R.R.Rohan Tuesday, 24 May 2016 01:18 PM

    who helped us after tsunami? was it China? raise a glass of Scotch and say cheers.

    Arnold Tuesday, 24 May 2016 01:21 PM

    Its difficult to get funds when the credit ratings have been lowered due to massive borrowing from China by MR regime with 6% interest. If MR was in power China would have taken over Sri Lanka by now due to non payment of interest.

    Jag Tuesday, 24 May 2016 02:29 PM

    Thanks to MR if not u would have been asking the LTTE

    mm Tuesday, 24 May 2016 10:36 AM

    joe did they come up with such an amount so fast via DM iOS App

    cheers Tuesday, 24 May 2016 12:11 PM

    why not ask USA/CANADA/UK to fund this as this govt boast they have a great relationship even getting invitations to economic forums but cant get a cent


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