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Torrential rains reported weeks ago have caused at least S$1,200 million in damage, according to Ministry of Economy and Finance (MEF).
“A preliminary estimate of damage caused by them is about 1,200 million sols, information as of Sunday,” MEF head Alex Contreras recently said.
As you remember, the rains gave birth floods in populated areas and the destruction of hundreds of homes, schools and sections of highways, mainly on the central and northern coasts of the country.
Faced with this situation, the Minister Economy He commented that mitigation measures are already being evaluated and the actions the government will take will be announced shortly.
“What we need here is to urgently participate in the emergency, provide assistance to the injured, relocate people in danger, there is also an infrastructure restoration component, this is what will be announced, I don’t know if tomorrow (today) or in the following days “, he pointed out.
The head of the MEF added that an analysis is being carried out for each affected sector and assured that his ministry is providing the necessary support.
“There is an assessment that each sector has made: living place he needs resources, education also needs to replace schools, transport needs to strengthen infrastructure, the Ministry of Defense needs more helicopters and more equipment,” he added.
Previously, Contreras mentioned that the cost of rebuilding infrastructure damaged by the heavy rains that are recorded in the country could cost SGD 50,000 million, which is about 6 points of GDP.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.