Rebuilding after China quake to cost €100bn

CHINA’s government estimates it will cost $147 billion (€99.3bn) to rebuild from the massive earthquake that struck the central part of the country in May, according to state media.

The National Development and Reform Commission’s draft rebuilding plan, published this week, includes homes for more than 3 million rural households, as well as about 1 million jobs, the China Daily newspaper reported.

Some 3,400 primary schools need to be rebuilt in Sichuan and neighbouring Gansu and Shaanxi provinces and another 2,600 schools needed to be strengthened, the newspaper reported.