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  • Nepal Faces NPR 46.68 Billion in Economic Losses Due to Floods and Landslides
Nepal Faces NPR 46.68 Billion in Economic Losses Due to Floods and Landslides
By Ecosphere News Desk
By Ecosphere News Desk 2024-11-08 08:59:00

Kathmandu, November 08, 2024 – A recent preliminary report from the National Disaster Risk Reduction and Management Authority (NDRRMA) has revealed the severe impact of the September 2024 floods and landslides across Nepal. FB_IMG_1730994912963-1731035606.jpg
The report, titled "A Preliminary Loss and Damage Assessment of Flood and Landslide," highlights an estimated economic loss of NPR 46,684,318,550, covering extensive damage to infrastructure, agriculture, and human settlements.

Heavy Damage to Infrastructure

The physical infrastructure has suffered major losses, with damages affecting bridges, telecommunications, water supply, roads, and public buildings. A total of 44 bridges were damaged, causing an estimated loss of NPR 1,042,000,000, while the water supply and sanitation sector reported a loss of NPR 5,906,000,000. Roads, essential for connectivity in remote regions, incurred NPR 27,980,000,000 in damages.

In the energy sector, the impact on hydropower plants amounted to NPR 3,018,000,000, with several projects affected. Telecommunication networks also suffered, with damages amounting to NPR 152,305,000, impacting connectivity in many areas during critical recovery times.

Agricultural Sector Hit Hard

The productive sector, particularly agriculture, which is the backbone of Nepal’s rural economy, sustained significant losses. The report estimates an economic impact of NPR 5,882,812,500 in this sector, affecting approximately 65,380 hectares of farmland and causing the loss of 26,698 livestock. Additionally, seven irrigation projects were damaged, totaling an estimated loss of NPR 1,350,000,000, putting further strain on the agricultural economy.

Human Casualties and Social Impact

The disaster took a toll on human life and well-being. A total of 249 people lost their lives, with 177 injuries reported, and 18 individuals are still missing. Housing and settlements faced severe destruction, with 5,996 houses fully destroyed and 13,049 partially damaged. The affected population includes 16,241 families, of which 10,807 were displaced due to the disaster.

Call for Urgent Response and Preparedness

This report underscores the urgent need for enhanced disaster preparedness and resilience efforts, especially given Nepal's vulnerability to climate-induced natural disasters. The government, alongside international and local partners, is called upon to accelerate efforts to rebuild and restore infrastructure and provide relief to the affected communities.

The NDRRMA has emphasized the need for improved forecasting, planning, and infrastructure investments to mitigate future disaster impacts, particularly as climate change intensifies the frequency and severity of such events. This comprehensive damage assessment serves as a critical guide for mobilizing resources and focusing on long-term sustainable recovery.


Published Date 2024-11-08 08:59:00
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