An official in Housing and Urban Development
Ministry said in Tehran on Wednesday the earthquake which devastated the
ancient city of Bam last December is estimated to costs rls 15,000
billion ($1.9 billion), IRNA repored.
Deputy minister for engineering and construction Mohsen Akbarzadeh
said the damage was in housing, pubic buildings, agriculture and
He said the "financial damage to housing was estimated to cost
rls 7,000 billion and human-related compensation at rls 5,000
He added that the cost of the reconstruction of the city is higher
than the damage inflicted. Based on a plan, the reconstruction of the
ity is slated to start early next Iranian year (March 20) and complete
by Summer 2005.
Akbarzadeh, however, cautioned that "the period for social
rebuilding is unclear."
He said that preferential loans with low interest rates is
earmarked for the owners of the devastated houses.
The government has already allocated a 35-million-dlr budget to
help reconstruct the agricultural infrastructures of the
Rls 20 billion of the financial assistance would be spent on
restoration of the wells and the canals used for the irrigation of the
He added that some dlrs 15 million would be later on spent to
support the animal husbandry in the city.
He said teams of his ministry have been dispatched to the areas
rocked by the earth tremor adding that they have managed to repair 10
of the 65 wells that nourishes the bam farms.
A major quake with a magnitude of 6.3 on the open-ended Richter
scale rocked the southeastern city of Bam killing in exceed of 40,000
on December 26.
The historic walled heart of Bam was razed by the temblor, its
renowned mud-brick architecture proving ill equipped to withstand
the magnitude of the quake.
Iran is situated on some of the world`s most active seismic fault
lines and quakes of varying magnitudes are of usual occurrence.
... Payvand News - 2/5/04 ... --