The Reconstruction Cost of the Earthquake Zone Including Infrastructure Will Be Around 45bn USD

According to the “Ekonomi Gazetesi”, more than 130,000 buildings need to be constructed in the earthquake zone, and an estimated 535,000 residential units are expected to be built in these buildings. The total cost, including the infrastructure and sewage system construction, is estimated to be around 843.5 billion TL. The estimated cost is equivalent to 30% of the 2023 budget deficit, and about 18% of the 4.47 trillion TL budget expenditure.

Infrastructure Costs are as Expensive as Rough Construction Costs per Square Meter

According to the 2023 construction index, the cost per square meter of buildings varies between 6,000 to 8,000 TL, while the cost per square meter of buildings exceeds 10,000 TL when the infrastructure, such as kitchen cabinets, parquet flooring, toilets, etc., are added. The cost per square meter for the construction of public buildings such as healthcare facilities, schools, mosques, etc., is over 15,000 TL.

More information ; 724 Feed