Atlanta, Ga. 3/5/2010 1:55:48 AM
News / World

Chilean President Michelle Bachelet Say Reconstruction Could Take Years

Chilean President Michelle Bachelet has said it could take “three to four years” before her country recovers from the devastating earthquake that killed more than 800 people in February.

 

The 8.8 magnitude quake that struck Concepcion leveled buildings, homes and bridges as well as much of the infrastructure in rural areas surrounding Chile’s second city. In a radio address delivered over Chilean airwaves Bachelet said reconstruction would require international aid and a significant portion of the government’s backing over the next few years.

 

Bachelet completes her term in office next week and will be replaced by President-elect Sebastian Pinera who will be inheriting a country desperate for normalcy.

 

As it stands, estimates have suggested the cost of damage due to the earthquake is $15-$30 billion, a figure that will most likely require the country to seek assistance from the World Bank.

 

While Chile is desperate for recovery the country has also been dealing with a  number of aftershocks that have left people questioning their safety.

 

###

 

Click here for more World News

 

About WooEB

 

WooEB Community is a business, music and social networking community. WooEB provides members with a wealth of applications that enable them to create an in-depth profile within the community. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the WooEB community. WooEB provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.

 

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

 

WooEB is owned and operated by TransWorldNews, Inc. a news and press release distribution service.