WB: Thai flood recovery to cost Bt755 bn

Thailand would have to spend approximately Bt755 billion over the next two years to rehabilitate the country and its economy following the worst floods in 70 year, according to the World Bank estimate after survey of the twenty-six flood hit provinces. 

The nearly Bt1.4 trillion recovery cost comprised of Bt 640 billion in damages and Bt717 billion in lost opportunities, the World Bank reported.

Thai private sector incurred 94 per cent of the flood related damages, while the rest was suffered by the state sector, the World Bank said.

The Nation