Billionaires and private donors mobilise to rebuild Notre-Dame

Author: Agencies

Billionaires and private donors pledged hundreds of millions of euros on Tuesday to help rebuild Notre-Dame cathedral in Paris which has been devastated by fire.

President Emmanuel Macron has vowed the emblematic monument will be rebuilt after its spire and roof collapsed Monday night in a blaze thought to be linked to extensive renovation work.

French billionaire Bernard Arnault announced Tuesday that he and the LVMH luxury conglomerate he controls would give 200 million euros ($226 million) for the reconstruction efforts.

The pledge came after Arnault’s crosstown rival Kering, the fashion group founded by fellow billionaire Francois Pinault, offered 100 million euros to help “completely rebuild Notre-Dame”.

Paris Mayor Anne Hidalgo also said Tuesday that the city would unlock 50 million euros, and would propose holding an international donors’ conference in the coming weeks to coordinate the pledges to restore the gothic architectural masterpiece.

The privately run French Heritage Foundation has already launched a call for donations on its website — www.fondation-patrimoine.org — while several pages were set up on the Leetchi fundraising portal.

The Ile-de-France region comprising the greater Paris region is to provide another 10 million euros.

Wooden beams offered

Specialised craftsmen and rare materials are also expected to be needed to restore the monument, which welcomes more than 13 million visitors each year — an average of more than 35,000 people a day.

The head of a French lumber company told France Info radio that it was ready to offer the best oak beams available to rebuild the intricate lattice that supported the now-destroyed roof, known as the “Forest”.

“The work will surely take years, decades even, but it will require thousands of cubic metres of wood. We’ll have to find the best specimens, with large diameters,” Sylvain Charlois of the Charlois group in Murlin, central France, told the radio station.

The United Nations’ Paris-based cultural agency UNESCO has also promised to stand “at France’s side” to restore the site, which it declared a world heritage site in 1991.

“We are already in contact with experts and ready to dispatch an urgent mission to evaluate the damage, save what can be saved and start elaborating measures for the short- and medium-term,” UNESCO’s secretary general Audrey Azoulay said in a statement Tuesday.

Share
Leave a Comment

Recent Posts

  • Top Stories

‘We are well aware of our constitutional limits’: Gen Asim Munir

During his address at the passing out parade of the Pakistan Air Force at the…

3 hours ago
  • Pakistan

PIA Issues Travel Advisories for UAE-bound Passengers Amidst Stormy Weather

  In light of the severe weather conditions in the United Arab Emirates (UAE), Pakistan…

5 hours ago
  • Business

Investors scour the globe for shelter as Wall Street shakes

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence…

9 hours ago
  • Business

Fed to hold rates steady as inflation dims hopes for policy easing

U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a…

9 hours ago
  • Business

Asian markets track Wall St down as Fed looms

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after…

9 hours ago
  • Business

Bank of Japan’s hawkish whispers drowned out by rowdy yen selloff

The Bank of Japan's decision to keep policy unchanged last week gave yen bears plenty…

9 hours ago