'Cost of Syria devastation over $1.5 trillion'

If the war stopped now, reconstruction cost would be around $73 bn

<a href="http://www.shutterstock.com/pic-2276849/stock-photo-national-flag-of-the-syrian-arab-republic.html" target="_blank">Syria flag</a> image via Shutterstock
AFP Damascus
Last Updated : Sep 03 2013 | 11:43 PM IST
The cost of the devastating conflict in Syria has topped the $1.5-trillion mark, a study published in the country’s daily Al-Watan said on Tuesday, as bombings, fighting and sabotage take their toll.

If the war in Syria suddenly stopped and reconstruction began now, some $73 billion would be needed to put the country back on track, said the study in the newspaper, which is close to the regime of Bashar al-Assad.
 
Quoting Syrian real estate expert Ammar Yussef, the report said bombings, fighting and sabotage of infrastructure during the conflict had partially or completely destroyed 1.5 million dwellings for a total cost of $1.573 trillion.
 
The report added reconstruction -- if it started now -- would involve 10,000 building sites, 15,000 trucks, 10,000 cement mixers and some six million workers.
 
More than 1,10,000 people have been killed since Syria's conflict broke out in March 2011, including over 40,100 civilians, according to the Syrian Observatory for Human Rights.
 
Compounding the chronic violence, hundreds died in an alleged poison gas attack on August 21 that shocked the world and was blamed by some Western and Arab countries on the Assad regime -- a claim it denies.
 
The United States and France are considering launching military action in Syria over the suspected gas attack.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2013 | 11:36 PM IST

Next Story