Chairing a meeting of donor agencies, Finance Minister Ram Sharan Mahat said that the preliminary estimated cost for the reconstruction of the quake-ravaged country is USD 5 billion and works have been started by setting up a fund of USD 2 billion for the time being.
"The country has suffered a loss between USD 5 to 10 billion due to the damaged caused by the April 25 earthquake and the aftershocks," the Finance Minister said.
He said short term support was needed immediately to fulfill the basic needs while the long term support would be required for the reconstruction.
He said the government is working on a long term plan for the same.
Also Read
Over one million private and public houses and buildings have been damaged totally or partially by the earthquake that rattled the Himalayan nation.
Several other sectors like services industry, agriculture, tourism, health and education have also been badly hit by the quake.
Chairing the meeting under a tent after the ministry's building sustained several cracks, the Finance Minister appealed to the international community to follow the one-window policy of the government and put money and resources through the government channel.
Nepal government's main administration works are being carried out under tents after many buildings located in the Singhdurbar secretariat complex developed cracks due to the earthquake.
He assured that the government would carry out reconstruction of the damaged physical infrastructures in the country as per the world renowned Post-Disaster Needs Assessment (PDNA).