Views Article – Sharenet Wealth

Europe, News

Madrid expects damage from snowstorm to reach 1.398 bln euros

MADRID, Jan 14 (Reuters) – Damage to the city of Madrid from the historic snowstorm that hit last weekend reached at least 1.398 billion euros ($1.70 billion), local authorities said at a news conference on Thursday.

“It’s a very preliminary figure,” Deputy Mayor Begona Villacis told reporters in a news conference with Mayor Jose Luis Martinez-Almeida, adding that the figure was expected to rise.

($1 = 0.8227 euros) (Reporting by Inti Landauro; Editing by Nathan Allen)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.