Colombia estimates earthquake damage could reach $9.6 billion

Yesterday 16:10

By: Azzat Manal

Colombia estimates earthquake damage could reach $9.6 billion

Colombian authorities have estimated that the economic damage caused by the powerful earthquake that struck the country on August 10 could reach approximately $9.6 billion, according to preliminary figures released by President Abelardo de la Espriella.

The initial assessment puts damage to buildings at around 24.5 trillion Colombian pesos, while losses affecting infrastructure are estimated at approximately 5.5 trillion pesos. The figures were compiled by a private company as authorities continue assessing the scale of the disaster.

The earthquake caused extensive destruction across affected areas, with around 27,000 homes reportedly destroyed and more than 120,000 others damaged. The scale of the losses has created significant challenges for emergency services and local authorities working to assist affected communities.

According to preliminary government figures, at least 289 people have died since the 7.4-magnitude earthquake struck on August 10. Rescue teams are continuing operations in areas where victims may remain trapped beneath collapsed buildings and debris.

An Israeli rescue team reported finding three bodies in the city of Cali as search and recovery efforts continued. The president said that more than 4,000 people had been injured, while 143 others remained missing.

The disaster has placed additional pressure on Colombia’s emergency response system, with authorities facing the difficult task of locating missing people, providing medical assistance and assessing damage to homes and essential infrastructure.

The final economic cost is expected to evolve as technical teams conduct more detailed inspections. Authorities will also need to determine the resources required for reconstruction, housing assistance and the restoration of damaged infrastructure.

Beyond the immediate rescue operation, the earthquake is likely to generate substantial reconstruction needs for affected communities. The destruction of thousands of homes and damage to public infrastructure could have long-term social and economic consequences, particularly for families who have lost their properties or sources of income.

As search operations continue, the Colombian government is expected to focus on emergency assistance while preparing a broader reconstruction strategy. The final assessment of casualties, missing people and material losses will depend on the progress of rescue operations and the completion of damage surveys.