Peru floods cause more than $3 billion damagePosted On: Mar. 27, 2017 5:00 AM CST
A study by Peru-based financial advisory services provider Macroconsult S.A. found that floods caused by El Nino have resulted in more than $3.1 billion worth of damage in the nation since December 2016, Jamaica Observer reports citing Xinhua. The east-central part of the country suffered $574 million worth of damage, followed by Lambayeque ($435 million) and Piura ($387 million). The floods damaged more than 150,000 homes, 500km of roadway and more than 500 vehicle bridges or footbridges.