Binod Chaudhary, chairman of Chaudhary Group, says rebuilding Nepal’s infrastructure after recent flash floods could cost at least $5 billion. Speaking in interviews reported by multiple outlets, he frames the figure as an estimate rather than an official government projection, noting it is still too early to determine the final bill.
Citing the broad scale of damage, Chaudhary links the potential costs to what he describes as major destruction across mountainous border areas and the logistical difficulty of reconstruction in Nepal’s Himalayan terrain. Outlets also point to how the floods affect roads, bridges, power infrastructure and other critical services, disrupting daily life and economic activity.
Bloomberg and the other reports mention that the billionaire is comparing the likely reconstruction effort with the 2015 earthquake response, saying the group’s spending this time could be higher than it was then. Coverage also describes Chaudhary Group’s involvement in relief operations, including setting up camps and rehabilitation centers, with a longer-term shift planned toward rebuilding homes, schools and local economies. The reported deaths and missing persons underline the urgency, while several outlets stress authorities are still assessing the extent of losses.
