Palestinians put Gaza reconstruction cost at $7.8 billion


  • World
  • Thursday, 04 Sep 2014

RAMALLAH West Bank (Reuters) - Rebuilding Gaza will cost $7.8 billion (4.7 billion pounds), the Palestinian Authority said on Thursday, in the most comprehensive assessment yet of damage from a seven-week war with Israel during which whole neighborhoods and vital infrastructure were flattened.

The cost of rebuilding 17,000 Gazan homes razed by Israeli bombings would be $2.5 billion, the Authority said, and the energy sector needed $250 million after the Strip's only power plant was destroyed by two Israeli missiles.

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