Friday, October 05, 2007
Hurricane recovery to cost Jamaica $23 billion
Kingston - Nearly $7 billion has been earmarked by the Jamaica Labour Party (JLP) administration to continue the Government's reconstruction and recovery efforts for the remainder of the fiscal year.
Total damage due to the effects of the hurricane has been estimated at $23 billion. Of this amount, total loss to the private sector is $16 billion, while damage to the public sector is set at $7 billion.
The agriculture sector suffered an estimated loss of $3.7 billion, with domestic crops accounting for $904 million of that amount. The Government will contribute $260 million to this sector through the provision of seeds, fertilizer relief, fruit tree crop assistance, support to the banana sector, the coffee sub sector and fisheries.
Total damage due to the effects of the hurricane has been estimated at $23 billion. Of this amount, total loss to the private sector is $16 billion, while damage to the public sector is set at $7 billion.
The agriculture sector suffered an estimated loss of $3.7 billion, with domestic crops accounting for $904 million of that amount. The Government will contribute $260 million to this sector through the provision of seeds, fertilizer relief, fruit tree crop assistance, support to the banana sector, the coffee sub sector and fisheries.
# posted by Buck @ 8:35 PM
