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Peru floods cause more than $3 billion damage

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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.

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