UN: Palestinians, Israelis Reach Deal on Gaza Reconstruction

UN: Palestinians, Israelis Reach Deal on Gaza Reconstruction

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60 Percent of Gaza's Manufacturing Capability Was Damaged by Israeli military.
60 Percent of Gaza’s Manufacturing Capability Was Damaged by Israeli military.

The United Nations, Israel and the Palestinian Authority have reached a deal to allow reconstruction work to begin in the war-torn Gaza Strip with UN monitoring of the use of materials, UN Middle East envoy said.

“The UN Security Council said that the United Nations had brokered the deal to enable work at the scale required in the strip, involving the private sector in Gaza and giving a lead role to the Palestinian Authority in the reconstruction effort, while providing security assurances through UN monitoring that these materials will not be diverted from their entirely civilian purpose,” Robert Serry said, World Bulletin reported.

Fifty days of Israeli attacks, which ended late last month, has left swathes of the Mediterranean enclave in ruins.

The Palestinian Authority said in a study recently that the reconstruction work would cost $7.8 billion, two and a half times Gaza’s gross domestic product, including $2.5 billion for the reconstruction of homes and $250 million for energy.