Alice Springs storm clean-up could cost hundreds of millions

The total cost of the devastating Alice Springs storm earlier this week could reach into the hundreds of millions of dollars.A line of thunderstorms tore through Alice Springs on Monday, with the region smashed by wind gusts reaching up to 125km/h in some areas.The total cost of the devastating Alice Springs storm could run into hundreds of millions of dollars.The storms were so intense they ripped the roofs off buildings, smashed into cars and homes, and left thousands without power.Alice Springs Deputy Mayor Daniel Rochford described the chaos that unfolded as the storm tore through the city.MORE: Darwin rent rise highest in the nation, this is whyLocals watch the storm roll in.“I’d have to say probably one of the scariest things I’ve experienced. I was actually in the middle of the storm, driving from my work to my home when it hit,” Rochford told media“I had trees falling around me, around my car, I could not see the road in front of me.”Authorities and insurance companies have been reluctant to put a figure on the economic cost of the storm, considered a “once in 40 years event:”, however it is could be in excess of $200m.MORE: Boomers ‘must sell’ or it’ll ruin AustraliaOne of...