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Tsunami

Cost of Java quake to exceed $3bn

By Shawn Donnan and Taufan Hidayat in Jakarta

Published: June 12 2006 22:06 | Last updated: June 12 2006 22:06

Indonesia is to tell donors that last month’s central Java earthquake caused more than $3bn (€2.4bn, £1.6bn) in damage, making the likely cost of reconstruction potentially higher than far deadlier disasters such as last year’s earthquake in Pakistan.

The figure was drawn from a yet-to-be-released assessment conducted with help from the World Bank and the Asian Development Bank. It puts the damage from the May 27 earthquake at as much as six times higher than Jakarta had previously estimated.

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