Earthquake could cost Turkey $84bn, says business group

• The cost of the earthquake is estimated to be $84.1 billion.
• Including $70.8 billion for rehabilitation of homes.
• $10.4 billion for lost income, and $2.9 billion for lost working days.

The devastation caused by the worst earthquake to strike Turkey in over a century might cost Ankara up to $84.1 billion, according to a business group.

According to a survey by the Turkish Enterprise and Business Confederation, the cost might total $70.8 billion for the rehabilitation of tens of thousands of homes, $10.4 billion for lost income, and $2.9 billion for lost working days.

Rebuilding housing, transmission lines, and infrastructure, as well as supplying the hundreds of thousands of people who were left homeless with their short-, medium-, and long-term housing needs, were estimated to be the major expenses.

According to Turkish President Tayyip Erdogan, the administration is working on a plan to “make the country stand up again” and that home rehabilitation will be finished within a year.

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