Flood Devastates Northern Border Corridor, Causing Over NPR 150 Billion in Losses
Summary
The flood in the Rasuwagadhi border corridor has caused losses of more than NPR 150.36 billion, severely disrupting businesses, transportation, and agriculture. A preliminary report says about 4,800 establishments were affected and NPR 45.45 billion will be needed for recovery.
Key Points
- The flood in the corridor connecting Rasuwagadhi has caused total losses of NPR 150.36 billion 42 million, according to a preliminary report.
- Direct damage in productive areas is estimated at NPR 34.28 billion 53 million, while business shutdowns caused NPR 116.08 billion 89 million in losses.
- Around 4,800 business establishments were affected, with hotels, restaurants, and wholesale and retail businesses hit hardest.
- The report says NPR 45.45 billion is required to revive the affected sector.
