Damage from the explosion in the port of Beirut exceeded $15 billion




The damage from the powerful explosion that occurred on August 4 in the port of Beirut is estimated at more than $15 billion. Such data were provided by the President of Lebanon Michel Aoun in a telephone conversation with the King of Spain, Philip VI.





“President Aoun noted that, according to preliminary estimates, the damage suffered by Lebanon exceeds $15 billion,” said the press service of the Lebanese president, published on his website on Wednesday. It is noted that the Spanish monarch expressed condolences and solidarity with the people of Lebanon, as well as a willingness to provide the necessary assistance.

Insurance companies tentatively estimate losses from the explosion in the port of Beirut at $3 billion. Governor of Beirut, Maron Abboud, said earlier that the reconstruction of the city would require from 12 to 15 billion dollars. The Lebanese Internal Security Administration said Wednesday that the explosion partially or completely destroyed about 4,000 buildings.





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TAGS: BEIRUT, LEBANON, EXPLOSION

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