Notre-Dame reconstruction effort attracts nearly $1bn

The immediate priority is to secure Notre Dame's vault, which has a gaping hole in the middle after its spire collapsed during Monday night's fire
Notre-Dame reconstruction effort attracts nearly $1bn
The altar surrounded by charred debris inside the Notre-Dame Cathedral in Paris in the aftermath of a fire that devastated the cathedral.
By Bloomberg
Wed 17 Apr 2019 11:26 AM

Money won’t be lacking for the reconstruction of Notre-Dame Cathedral with more than 800 million euros ($920 million) pledged already, French Culture Minister Franck Riester said on France2 television.

The normal annual budget for restoring French national monuments is about 300 million euros, he said.

The immediate priority is to secure Notre Dame’s vault, which has a gaping hole in the middle after its spire collapsed during Monday night’s fire, he said. Other quickly needed steps are removing melted statues that are weighing on fragile parts of the outer structure.

Wealthy individuals and companies already have pledged hundreds of millions of euros for the project.

President Emmanuel Macron Tuesday night said the cathedral will be rebuilt in five years.

“It’s a nice ambition,”’ Riester said. “We will mobilize all our know-how, all the donations.” He said it was too early to talk about how the cathedral will be restored and with what materials and techniques.

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