At least $216B needed to rebuild postwar Syria, says World Bank
Reconstruction costs of damaged physical assets are projected at between $140 billion and $345 billion, with a conservative best estimate of $216 billion, the World Bank reports.
At least $216 billion is needed to rebuild Syria after 14 years of civil war, almost 10 times the country’s gross domestic product last year, according to the latest estimate by the World Bank.
On Tuesday, the Washington-based multilateral lender released its physical damage and reconstruction assessment of the country from the war between 2011 and 2024.
What happened: The reconstruction costs of damaged physical assets are projected to range between $140 billion and $345 billion, with a conservative best estimate of $216 billion, the World Bank said. The $216 billion includes $75 billion for residential buildings, $59 billion for nonresidential structures and $82 billion for infrastructure.
The conflict damaged nearly a third of Syria’s pre-war gross capital stock, with direct physical damage to infrastructure, residential buildings and nonresidential buildings estimated at $108 billion, the World Bank said.
