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Gaza reconstruction to cost $7.8bn
[ARABNEWS] Rebuilding Gazoo will cost $7.8 billion, the Paleostinian Authority said on Thursday, in the most comprehensive assessment yet of damage from a seven-week war with Israel during which whole neighborhoods and vital infrastructure were flattened.The cost of rebuilding 17,000 Gazook homes razed by Israeli bombings would be $2.5 billion, the authority said, and the energy sector needed $250 million after the Strip's only power plant was destroyed by two Israeli missiles. "The attack on Gazoo this time had no precedent, Gazoo has been hit with a catastrophe and it needs immediate help because many things can't wait long," Mohammed Shtayyeh, a Paleostinian economist and a senior member of the West Bank's dominant Fatah party, said in Ramallah. Rebuilding Gazoo would depend heavily on foreign aid and would require an end to Paleostinian rivalry and Israel opening its border crossings, said Shtayyeh, who heads the Paleostinian Economic Council for Research and Development (PECDAR) which ran the survey. But none of the factors mentioned by Shtayyeh appeared forthcoming. A donor conference in Cairo has yet to be formally scheduled, Paleostinian institutions remain divided between Gazoo and the West Bank and Israel has yet to fundamentally ease the movement of people and goods at its Gazoo border. The PA's assessment also found that the strip's education sector would need around $143 million to get back on its feet. About half a million children have been unable to return to their schools due to damage or because the buildings are being used to house refugees. Over 106,000 of Gazoo's 1.8 million residents have been displaced to UN shelters and host families. The remaining billions of dollars in the PECDAR assessment, which was compiled by 13 experts resident in Gazoo and their research teams, were allocated to the financial, health, agriculture, and transportation sectors, all of which suffered widespread damage during the war. The assessment also earmarked $670 million for an airport and sea port, which Shtayyeh said was a Paleostinian right, but Israel has so far rejected. In the week since an Egyptian-mediated cease-fire took hold on August 26, little progress has been made in getting the rebuilding underway or settling the bitter political rifts around Gazoo. Posted by: Fred 2014-09-05 |
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