Thailand flooding death-toll reaches 300

October 17, 2011BANGKOKThe Thai premier on Monday said reconstruction from massive floods swamping vast swathes of the country is expected to cost the government over $3.3 billion — a fifth more than previously estimated. Fears for the capital Bangkok appeared to have eased as authorities battled to contain Thailand’s worst flooding in decades, which has claimed over 300 lives, swallowed homes and shut down industry. But Prime Minister Yingluck Shinawatra warned: “The original budget to support the recovery of both the industrial and agricultural sectors is not likely to be enough.” Speaking at the disaster response headquarters at Don Muang Airport in northern Bangkok, she said the budget, which does not include water management costs, was now expected to exceed 100 billion baht ($3.3 billion). The previous budget was $2.6 billion. Three months of heavy rains have deluged about one third of Thailand’s provinces, with floods — several metres deep in places — forcing tens of thousands of people to seek refuge in shelters. The flooding has waterlogged major roads and hundreds of factories, disrupting production of cars, electronics and other goods in the kingdom, with another major industrial estate succumbing to the floods on Monday. Finance Minister Thirachai Phuvanatnaranubala said the floods across the country were likely to cut economic growth this year by up to 1.7 percent, according to estimates from the Bank of Thailand and the National Economic and Social Development. –Jakarta Globe
This entry was posted in Catastrophic Insurance losses mount, Cloudburst storms with flashflooding, Earth Changes, Earth Watch, Extreme Weather Event, Unprecedented Flooding. Bookmark the permalink.

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