Damage caused by Nepal floods estimated at $2.56 billion / Approximately 20,000 homes will need to be rebuilt

The devastating floods caused last week by the collapse of a glacier caused material damage of at least 2.56 billion dollars in Nepal, according to the head of the National Disaster Management Agency, who made the statement to Reuters on Friday.

The disaster affected several areas of the country, and the extent of the damage is being assessed as rescue and search operations continue. Authorities estimate that approximately 20,000 homes will need to be rebuilt in the regions devastated by the floods.

Emergency response teams continue to search for workers believed to have been trapped in the tunnels of hydropower projects. At the same time, thousands of people are reported missing following the disaster.

The new financial toll highlights the scale of the impact on infrastructure and affected communities. The authorities’ priorities are finding survivors, identifying missing persons, and assessing reconstruction needs.