Gaza Recovery Plan Estimated to Cost $67 Billion

Palestinian Prime Minister Mohammad Mustafa outlined a comprehensive three-phase recovery and reconstruction plan for the war-torn Gaza Strip, in partnership with Arab and international experts. The ambitious initiative aims to rebuild the enclave, which has been devastated by nearly two years of Israeli attacks, leaving tens of thousands dead and massive destruction across the area. The plan, estimated to cost $67 billion and span five years, will be implemented in three phases, with a focus on meeting urgent humanitarian and infrastructure needs, rebuilding Gaza, and establishing a new governing mechanism.

Key Takeaways:

• The Gaza recovery and reconstruction plan, estimated to cost $67 billion, will be implemented in three phases, spanning five years.
• The first phase, lasting six months, will focus on meeting urgent humanitarian and infrastructure needs, costing $3.5 billion.
• The second phase, lasting three years, will require $30 billion to rebuild Gaza.
• The third phase will focus on completing reconstruction and long-term recovery, with no estimated timeframe or cost provided.
• Talks are ongoing with international partners to secure resources for the plan's implementation.
• A major reconstruction conference will be held in Egypt one month after the end of the war.
• Israel must fulfill its obligations by withdrawing from Gaza, opening border crossings, and allowing the entry of humanitarian aid and reconstruction materials.
• The Palestinian Authority (PA) governs the West Bank under Israeli occupation and intends to extend its authority over Gaza once conditions permit.
• Hamas demands a complete end to the war, full Israeli withdrawal, and retention of its weapons in negotiations on the second phase of the ceasefire agreement.
• Since October 2023, Israeli attacks have killed nearly 68,000 Palestinians in the enclave, most of them women and children.

Statistics:

• $67 billion: estimated cost of the Gaza recovery and reconstruction plan.
• $3.5 billion: cost of the first phase, focused on meeting urgent humanitarian and infrastructure needs.
• $30 billion: cost of the second phase, lasting three years, to rebuild Gaza.
• 6 months: duration of the first phase.
• 3 years: duration of the second phase.
• $0: estimated cost of the third phase, for which no timeframe or cost was provided.
• 68,000: number of Palestinians killed in Israeli attacks in the enclave since October 2023, most of them women and children.

Sources:

• Andolu Ajansi ("Headline: Gaza Recovery Plan Estimated to Cost $67 Billion")