Finance Minister P Chidambaram [ Images ] on Thursday told the Lok Sabha that international funding agencies have estimated post-tsunami rehabilitation and reconstruction to cost $ 1.213 billion.
"A preliminary damage and needs assessment report prepared by the Asian Development Bank [ Get Quote ], the United Nations and the World Bank has estimated the overall rehabilitation and reconstruction needs for post-tsunami activities to be $ 1.213 bn in the short and medium term for Andhra Pradesh, Kerala [ Images ], Tamil Nadu and the Union Territory of Pondicherry," he said.
While the needs of Tamil Nadu have been assessed at $ 868.3 mn, those for Andhra Pradesh, Kerala and Pondicherry have been estimated at $ 72.6 mn, $ 157.7 mn and $ 114.4 mn, respectively, he said.
Chidambaram said an emergency Tsunami [ Images ] Reconstruction Project for Tamil Nadu and Pondicherry involving World Bank assistance of about $ 456 million has been recently negotiated.
In addition, the ADB Board has approved a Tsunami Emergency Assistance Project of approximately $ 200 million for Kerala and Tamil Nadu, he said.