Saturday, May 23
Latest News
  1. Official: Turkey arrests French citizen bound for Syria
  2. Priest 'kidnapped in Homs' region of Syria
  3. Saudi-led coalition pounds Yemen rebels in three cities
  4. Over 55,000 have fled IS-captured Ramadi since mid-May
  5. President: death toll in anti-FARC air strike in Colombia rises to 26
  6. Dutch cabinet backs partial Islamic burqa ban
  7. Iran: Nuclear talks to resume Tuesday in Vienna
  8. UK's Cameron says 'confident' of securing EU reform deal
  9. Huge blasts outside Sanaa after coalition air raids
  10. Monitor: Rebels seize hospital holding 150 Syrian soldiers
  11. Blast hits Shiite mosque in eastern Saudi
  12. US envoy urges Myanmar Rohingya 'citizenship' to end exodus
  13. UN: 300-400 new cholera cases per day among Burundians in Tanzania
  14. Iraq's Sunni tribes feel deserted after Ramadi fall
  15. London cabbie bombmaker 'murdered US soldier in Iraq'
  16. US blacklists Iraqi firm helping Iran buy Airbus planes
  17. Raids hit Yemen rebels, allies ahead of new talks bid
  18. Polls open for Irish referendum on gay marriage
  19. Official: Myanmar navy carries out first rescue of migrant boat
  20. UK PM predicts 'ups and downs' in EU renegotiation bid

PA minister says Gaza 'reconstruction to cost billions'

Aug. 18, 2014 1:07 A.M. (Updated: Aug. 19, 2014 10:39 A.M.)
BETHLEHEM (Ma'an) -- Palestinian Minister of Economy Muhammad Mustafa said Monday that reconstruction of Gaza following Israel's month-long assault will cost billions of dollars.

The Palestinian ministry in Ramallah is currently estimating damages through the formation of a committee, which is due to release its report by the end of this week, Mustafa said.

Over 30,000 homes were damaged by Israeli airstrikes and shelling, with around 450,000 Palestinians displaced during the conflict.

The water distribution network in Gaza has suffered $34.4 million worth of damage as a result of the Israeli offensive, with over seven kilometers (4.3 miles) of sewage networks completely destroyed.

The Food and Agriculture Organization on Thursday warned that the Israeli assault on Gaza had caused extensive damage to the coastal enclave's agricultural sector and would have long-term consequences.

Mustafa explained that the PA is currently suffering from a $1.2 billion budget deficit as well as debts of over $4.2 billion.

Palestinian officials have estimated that they need up to $6 billion to fix hospitals, roads, schools, water facilities, and factories hit by shelling and bombing.

James Rawley, the UN's resident and humanitarian coordinator, warned last week that failure to lift the Israeli blockade could cause more conflict in Gaza in the future.

If the measures are not removed, "not only will we see very little in the way of reconstruction, but I am afraid that the conditions are in place for us to have another round of violence like we're seeing now."
Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015