08/06/2013 06:19 EDT | Updated 10/06/2013 05:12 EDT

Calgary estimates cost of city infrastructure flood damage will top $400 million

CALGARY - The City of Calgary has released preliminary figures that suggest it will cost more than $400 million to fix buildings and other infrastructure damaged in June by devastating floods.

Gordon Stewart, the city's director of recovery operations, says that figure is bound to rise.

He says repair crews continue to find new problems.

Damaged infrastructure includes everything from buildings, roads, utilities, parks and pathways.

Stewart believes less than half of the damage will be covered under insurance, and he hopes other levels of government will be able to help.

The Insurance Bureau of Canada and the Alberta government say it is still too early to come up with an accurate overall damage estimate for the floods that ravaged High River, Calgary and other communities. (CHQR)