Cabinet approves $5 billion plan for Gaza rehabilitation

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The Palestinian cabinet has recently approved a $5 billion plan for economic revival and reconstruction in the Gaza Strip in the wake of the Israeli assault, a senior official said Saturday.

"We will seek to collect international donations in order to materialize our ambitious vision of rebuilding Gaza during the donor countries conference scheduled to be held in Cairo on Oct. 12," Deputy Prime Minister Muhammad Mustafa said in a statement Saturday.

The rehabilitation of infrastructure in Gaza will cost $1.9 billion, while reconstruction and rehabilitation of houses will cost another billion.

Some $700 million will be needed for humanitarian, social, health, and education aid for Palestinians in Gaza, many of whom lost homes and family members and some of whom became disabled as a result of the war, the statement added.

Meanwhile, $1.2 billion will be needed to reactivate Gaza's economy and increase productivity. more

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