Monday, July 06
Latest News
  1. EU: Eurozone stability 'not in question' after Greek vote
  2. Turkey summons commanders to discuss Syria intervention
  3. World powers begin talks to seal Iran nuclear deal
  4. Syria army enters last rebel bastion by Lebanon border
  5. Egypt looks set to approve disputed anti-terror law
  6. Fighting grips Yemen's Aden as UN envoy presses truce bid
  7. Kuwait mulls charging more than 40 over mosque bomb
  8. Sousse governor among officials fired over Tunisia attack
  9. Polling opens in crucial Greece bailout referendum
  10. Greece will decide its own 'destiny' says PM Tsipras
  11. Police, witness: Suicide bomber kills five in NE Nigeria church
  12. Clinton: China 'trying to hack into everything'
  13. Airstrikes hit multiple IS targets in Syria stronghold
  14. Tunisia declares state of emergency after beach attack
  15. Ministers back to Vienna for final Iran nuclear deal push
  16. Lawyer: 2 London teens have married IS group fighters
  17. Saudi-led air strike on Yemen rebel bastion 'kills 23'
  18. IAEA: Iran atomic bomb probe may be completed in 2015
  19. FM: Iran will help meet 'common challenges' like extremism
  20. Greece PM urges 'No' vote to 'live with dignity in Europe'

PA minister says Gaza 'reconstruction to cost billions'

Aug. 18, 2014 1:07 P.M. (Updated: Aug. 19, 2014 10:39 P.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