The Voice of the Cape Drivetime

Gaza Reconstruction will cost $7.8 billion

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The Palestinian Authority announced on Thursday that the reconstruction of the Gaza Strip, devastated by the most recent Israeli bombing campaign, will cost nearly $8 billion and would take up to 5 years, even if Israel removes its blockade over Gaza entirely. A report published by the Palestinian Council for Development and Reconstruction shows US$2.5 billion will be needed just to rebuild the 17,000 homes destroyed by Israel. Another US$250 million will be needed to rebuild Gaza's only power plant which was destroyed by Israeli bombings. Along with other damages to civilian and private infrastructure, reconstruction amounts to a staggering US$7.8 billion. The report included the costs of building an airport and seaport, two key demands made by Hamas.
5 Sep 2014 10AM English South Africa News

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