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CY
Cost to buildings of July fire reaches €37.95 million
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Cyprus Mail
The total cost of restoring structures damaged during July’s inferno in Limassol district comes to around €40 million, the Scientific and Technical Chamber (Etek) said on Tuesday.
In a statement, Etek said it had initially received 760 applications relating to damage to buildings and other structures.
Around 220 cases were classified as having sustained ‘minor’ damage, with the average cost of restoration estimated at €3,700; another 100 cases were classified as ‘moderately damaged’, with the average restoration cost assessed at €30,000.
Multiplied by 330 cases, that brings their restoration cost to €37.95 million.
This accounts for approximately 90 per cent of the total restoration cost for all buildings/structures which works out to €41.1 million.
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