Current position: Home>>Economy>>New Zealand: the cost of the earthquake estimated at over $ 6 billion

New Zealand: the cost of the earthquake estimated at over $ 6 billion

February 7 category:Economy
sponsored links

New Zealand: the cost of the earthquake estimated at over $ 6 billion



A youth hostel devastated by the earthquake in Christchurch, the second largest city on 22 February 2011.

REUTERS / Simon Baker



The cost of Tuesday's earthquake in the second largest city in New Zealand, Christchurch, could be up to 11.5 billion New Zealand dollars (6.3 billion euros), as estimated by AIR Worldwide, a appraisal company financial damage for insurers after a disaster. AIR Worldwide estimates that losses for the insurance industry will be between 5 and 11.5 billion New Zealand dollars (between 2.73 and 6.3 billion). Tuesday's earthquake left 75 dead and 300 missing according to the latest official figures supplied Wednesday morning.

Roads and bridges were damaged by liquefaction phenomenon that occurs during earthquakes and reduced to some soils liquid, causing the collapse of buildings, said AIR Worldwide. The company points out that the city center but the suburbs have been affected by this phenomenon.

The estimated loss cover damage to commercial buildings, housing the insured and their contents. Also included are costs directly caused by the interruption of economic activity. But the estimated amount does not include damage to uninsured buildings, cars, land and infrastructure.

The previous earthquake in Christchurch, there are six months had no casualties but caused extensive damage. The Treasury of New Zealand was estimated at 4 billion New Zealand dollars (2.27 billion euros) the cost of the rehabilitation of infrastructure (roads, sewers, water pipes ...) and 100,000 damaged buildings.

CopyRight © 2018 crownint.com All Right Reserved. webmaster#crownint.com 12 q. 0.151 s.