Nepal Billionaire Says Rebuilding After Flood to Cost $5 Billion

Binod Chaudhary, Chairman and President of Chaudhary Group and Nepal's only billionaire, states that rebuilding infrastructure after this week's devastating flash floods could cost at least $5 billion. Speaking exclusively on Bloomberg's "Insight with Haslinda Amin," Chaudhary noted that his group's spending on these recovery efforts will exceed the amount allocated during the reconstruction work following the deadly 2015 earthquake. The estimate highlights the significant financial scale required to restore the country's damaged national infrastructure.