Updated On: 28 November, 2012 08:11 AM IST | | Agencies
The state of New York and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates.
The total, which could grow, came as New York Governor Andrew Cuomo said the state will need $41.9 billion, including $32.8 billion to repair and restore damaged housing, parks and infrastructure and to cover lost revenue and other expenses.u00a0
The figure also includes $9.1 billion to mitigate potential damage from future severe weather events, Cuomo said.
Neighbouring New Jersey, which saw massive damage to its transit system and coastline, suffered at least $29.4 billion in overall losses.