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Madrid expects damage from snowstorm to reach 1.398 bln euros

14 Jan 2021 / 19:27 H.

    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)

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