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Bahamas lost $3.4 billion due to Hurricane Dorian

Saturday, November 16, 2019

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The Bahamas lost $3.4 billion due to Hurricane Dorian- a number equivalent to one-fourth of the nation’s gross domestic product, as per a recently released report.

 

 

The report published by Inter-American Development Bank also echoes the previously reported death toll of 67 and 282 number of missing people in the Bahamas as of late October.

 

 

The Category 5 Hurricane Dorian left around 29,500 people homeless in the Bahamas in early September. The bank says that the reconstruction will require huge investment and will take many years.

 

 

Dorian has been the most powerful Atlantic hurricanes ever to make landfall, unleashing a storm surge of up to 25 feet.

 

 

Damages caused to homes and other buildings amounted to $2.5 billion, with 87 per cent reported in Abaco and rest in Grand Bahama.

 

 

9,000 homes were also damaged apart from seven schools, which lead to the reassignment of 1,500 displaced students. Damages to some tourist facilities were catastrophic.

 

 

The storm’s impact on the production of goods and services provided amounted to $717 million losses, with the private sector suffering 84 per cent of the total losses. It also estimated another $221 million in costs for the cleanup of an oil spill in Grand Bahama apart from debris removal and demolition.

 

 

As of now, many of the displaced are still living in a tent, with electricity and water absent in some areas.

 

 

Green Turtle Clay residents are among the worst sufferers as they are burning the debris left from the natural disaster to prevent themselves from diseases. The trash fire is creating air pollution but residents are left with no other option.

 

 

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