Haiti reconstruction could cost nearly $14 bn: Study
February 17th, 2010 - 12:53 am ICT by IANSWashington, Feb 16 (DPA) Haiti’s reconstruction from last month’s earthquake could cost nearly 14 billion dollars, the Inter-American Development Bank (IDB) said Tuesday, making it one of the most expensive disasters in modern history.
The preliminary estimate to rebuild roads, schools, hospitals and other critical infrastructure in Haiti reflected “the enormity of the challenge that lies ahead in reconstructing Haiti,” according to the authors of an IDB study released in Washington.
The study offered a low estimate of $8.1 billion in damages from the Jan 12 earthquake. But a series of factors meant that a cost of $13.9 billion was “within statistical error.”
The study estimates the death toll from the magnitude-7 quake at between 200,000 and 250,000 people. The quake left much of Haiti’s capital Port-au-Prince and surrounding areas in ruins.
“Raising such a figure will require many donors, bilateral, multilateral and private,” the study said.
The monetary estimate is the highest to date of what it will take to rebuild the earthquake region. In late January at a meeting in Canada, international donors generally committed themselves to a 10-year effort, but no dollar amounts were mentioned.
A donor conference is to take place in New York in March or April to solicit
commitments.
- 'Haiti reconstruction will cost $14 bn' - Feb 17, 2010
- US study describes Haiti quake as 'worst disaster in modern history' - Feb 17, 2010
- Quake-hit Haiti needs 11.5 billion dollars to rebuild - Mar 18, 2010
- 1.3 mn Haitians still in camps months after quake: UN - Sep 03, 2010
- Haiti needs $11.4 bn for reconstruction - Mar 22, 2010
- Clinton Foundation gives $1 mn for Haiti hurricane safety - Jun 02, 2010
- Death toll from Haiti quake reaches 150,000 - Jan 26, 2010
- New Zealand to spend 8.5 billion dollars on Christchurch rebuild - Apr 12, 2011
- Scientists to analyze if Haiti quake could trigger another major temblor - Jan 27, 2010
- Haiti death toll could be 200,000: EU - Jan 19, 2010
- Massive earthquake devastates Haiti (Second Lead) - Jan 13, 2010
- IMF chief seeks 'Marshall Plan' for Haiti - Jan 21, 2010
- Shakira donates $400,900 to rebuild Haiti school - Apr 02, 2011
- Haitian government wants tent cities - Jan 18, 2010
- Christchurch quake to cost $11 bn - Mar 06, 2011
Tags: 1 billion, billion dollars, bn, canada international, commitments, critical infrastructure, death toll, dollar amounts, dpa, earthquake, enormity, idb, inter american development bank, international donors, magnitude, modern history, port au prince, quake, reconstruction, statistical error