Cost of Sendong damage nears P1B

Posted at 12/21/2011 10:30 AM | Updated as of 12/21/2011 12:36 PM

MANILA, Philippines - The estimated cost of damage wrought by tropical storm Sendong to infrastructure and agriculture in the country is nearing P1 billion, disaster officials said Wednesday.

The National Disaster Risk Reduction and Management Council said the estimated cost of damage to infrastructure, agriculture and school buildings as of Wednesday morning amounted to P999,946,415.00.

It said the storm also left 976 dead, 1,603 injured and 46 missing.

Sendong affected a total of 65,067 families, of which 49,441 were served in and outside evacuation centers. The storm also damaged 12,131 houses, of 3,581 were completely destroyed.

President Aquino earlier declared a state of national calamity in the aftermath of the devastation caused by tropical storm Sendong as he visited Cagayan de Oro, Iligan and Dumaguete cities yesterday.

Under Republic Act No. 10121 or the Philippine Disaster Risk Reduction Management Act of 2010, a declaration of calamity means all agencies are mandated to impose remedial measures including the imposition of price ceilings on basic necessities and prime commodities. Agencies must also prevent overpricing, profiteering and hoarding of basic supplies such as medicines and petroleum products.

Local governments may also channel funds for repair and allocate funds for upgrading infrastructure and facilities.

Government financing institutions should also grant loans without interest to victims most affected by disasters.

The President's declaration also enables him to seek international humanitarian assistance as necessary.