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International

Genoa bridge collapse costs companies nearly $500 million

November 09, 2018 Reprints

The Genoa Chamber of Commerce in Italy said that the Aug. 14 bridge collapse cost local companies around €422 million ($482 million), Reuters reported. The association said that the catastrophe caused €63 million worth of damage to properties, buildings, machinery and stock. The companies also suffered €359 million in disruption-related losses driven by rise in costs and lower profits following the bridge's collapse.

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Genoa bridge collapse costs companies nearly $500 million

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