Peruvian President: Flooding Toll +/- $9 Billion; 6,000 Miles Of Roads Destroyed

[hatrack]

The reconstruction of areas of Peru hit by severe floods in recent months will cost $3 billion in the short term, and up to $9 billion over five years, the country's president, Pedro Pablo Kuczynski, said in a radio interview on Friday.

Although Peru's mining-dependent economy was healthy in the long-term, the immediate effects of the floods were severe, Kuczynski said. "Immediate reconstruction I think will cost us two to three billion dollars, and after that, the public works that will allow Peru to be a modern country will take time, not 15 years, but, yes, five years," the president said on local radio station RPP. "There we have another five or six billion dollars."

Over a hundred people have died in Peru from rain-related events since December, many in March after a sudden warming of Pacific waters unleashed torrential downpours in the Andean nation.

At least 6,000 miles of highways have been destroyed. Kuczynski said in March that Peru would hike its 2017 budget by 3 percent to fund emergency and recovery efforts.

EDIT

http://www.reuters.com/article/us-peru-floods-economy-idUSKBN1792T0

[exboyfil]

1. I am watching a series of lectures

Regarding the ancient civilizations in that area from The Great Courses. The collapse of civilizations can be tied to the periodic change in weather patterns in that area.

http://www.thegreatcourses.com/courses/lost-worlds-of-south-america.html

They may want to think long term on their infrastructure.