Deal Reached to Start Gaza Reconstruction

UNITED NATIONS (Reuters) -

The United Nations, Israel and the Palestinian Authority have reached a deal to allow reconstruction work to begin in the Gaza Strip with U.N. monitoring of the use of materials, U.N. Middle East envoy Robert Serry said on Tuesday.

Serry told the U.N. Security Council 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 U.N. monitoring that these materials will not be diverted from their entirely civilian purpose.”

The Palestinian Authority claimed 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.