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Search resuls for: "Ceyda Caglayan Can Sezer"


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Days after Turkey's worst earthquake in modern history, Erdogan vowed to rebuild the southern disaster zone within a year, an undertaking conservative estimates put at $25 billion and others expect to be far higher. Authorities say more than 380,000 units in 105,794 buildings are in urgent need of demolition or have collapsed, out of 2.5 million structures across the region. "We will rebuild these buildings within one year and hand them back to citizens," he said. They devastated southern Turkey in the dead of winter, with overnight temperatures near freezing, leaving many emergency tents inadequate for the homeless. "FRIENDLY COMPANIES"The bill to rebuild houses, transmission lines and infrastructure is around $25 billion, or 2.5% of GDP, U.S. bank JPMorgan said in a report.
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