£200M COST OF BUNCEFIELD BLASTS
Wednesday, January 4: An expert in insurance to the
energy sector has put the cost of the Buncefield oil depot disaster at a massive £200 million.
Damage to the depot itself makes up £100 million while an incredible £20 million worth of fuel went up in flames during the gigantic blaze.
The value of the destruction to the industrial estate, where some businesses were decimated, is calculated at £50 million.
The figures have been compiled by David Way, executive director of the international energy division at the London-based insurance brokers Alexander Forbes.
Many wild statistics were bandied around at the time of the biggest peacetime explosion in Europe, but Mr Way's is the first authoritative figure.