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Situation Update No. 23 Ref.no.: EQ-20100227-25098-CHL
Situation Update No. 23 On 2010-02-28 at 05:38:52 [UTC] Event: Earthquake Location: Chile Región del Maule 42 km W Cauquenes Number of Deads: 305 person(s) Number of Injured: ? person(s) Situation: THE total value of economic damage caused by a huge earthquake in Chile Saturday could range from US$15 billion to $30 billion, a US risk modeling firm predicted. EQECAT said the amount equated to 10-15 per cent of Chile's real gross domestic product. Destruction in the capital of Santiago is expected to exceed 50 per cent of the total damages, according to the firm. While the 8.8 magnitude quake, which struck yesterday at 3.43am local time (5.43pm AEDT), constituted a major disaster, Chile's widespread adoption and enforcement of modern, seismic-resistant building practices had "mitigated the potential for devastation," the firm noted. The quake has so far killed more than 300 people. | | | |
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