The sum reportedly reflects only the impact on agriculture and the reconstruction of roads, hydraulic infrastructure, Teide National Park and protected natural areas of the island.
To date, the fire affected 33 registered properties and 20 buildings in the municipality of Santa Cruz de Tenerife, 111 properties and 33 buildings in the municipality of Tacoronte, 12 properties and six buildings in the municipality of El Rosario, 43 properties and 11 buildings in Guimar and 165 properties and 176 buildings in La Orotava - the municipality most affected by the fire.
Local authorities said last week that a total of 12,000 people have been evacuated since August 15, and over 8,000 of them have already returned to their homes. The regional authorities said that the area affected by the fire amounted to 14,751 hectares (57 square miles).