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The Jamaican government says the preliminary estimate of the damage caused by Hurricane Melissa when it slammed into the country last Tuesday has been put at an estimated cost as high as US$7 billion.
Prime Minister Andrew Holness told Parliament on Tuesday that the figure is about 32 per cent of the country’s gross domestic product (GDP) for fiscal year 2024/2025 and that detailed damage assessments are still underway, even as he is providing the “very preliminary, high-level estimates only to illustrate the scale of the devastation”.
Holness told legislators that the early assessment is based on benchmarks from comparable regional disasters, physical damage to housing, commercial buildings, roads, electricity, water, and telecommunications infrastructure.
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