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Nepal Billionaire: Rebuilding After Flood to Cost $5B

Bloomberg Markets Friday 28 August 2026, 05:16 UTC 1 min read
Key Points

Binod Chaudhary, Chairman & President of Chaudhary Group, says efforts to rebuild Nepal’s infrastructure after a devastating flash flood this week could cost at least $5 billion. He also said the amount his group will be spending on this effort will be higher than it did in 2015, when a deadly earthquake had sparked similar nationwide reconstruction work. He appeared exclusively on Bloomberg's "Insight with Haslinda Amin."

Binod Chaudhary, Chairman & President of Chaudhary Group, says efforts to rebuild Nepal’s infrastructure after a devastating flash flood this week could cost at least $5 billion. He also said the amount his group will be spending on this effort will be higher than it did in 2015, when a deadly earthquake had sparked similar nationwide reconstruction work. He appeared exclusively on Bloomberg's "Insight with Haslinda Amin." (Source: Bloomberg)
Nepal (LOCATION) Binod Chaudhary (PERSON) Chaudhary Group (ORG) Bloomberg (ORG) Haslinda Amin (PERSON)
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