World

UN Agency Estimates Rebuilding Gaza Will Cost $30-40 Billion

A UN agency warned Thursday that rebuilding war-torn Gaza will cost between $30 billion and $40 billion and will necessitate a scale of effort unprecedented since World War II.

“The United Nations Development Programme’s initial estimates for the reconstruction of… the Gaza Strip exceed $30 billion and may reach $40 billion”, said UN Assistant Secretary-General Abdallah al-Dardari.

“The scale of the destruction is enormous and unparalleled… This is a mission that the global community has not faced since World War II”, Dardari continued.

He went on to say, “If Gaza’s reconstruction were to go normally, it could take decades, and the Palestinian people do not have the luxury of waiting decades”.

“It is therefore important that we act quickly to re-house people in decent housing and restore their lives to normal — economically, socially, in terms of health and education”, Dardari added.

“This is our top priority, and it must be achieved within the first three years following the cessation of hostilities”, Dardari noted.

He estimated that the overall rubble from shelling and explosions amounted to 37 million tonnes.

“We are talking about a colossal figure, and this figure is increasing every day”, Dardari stated.

“The latest data indicates that it is already approaching 40 million tonnes”, he added.

According to the UN official, 72 percent of all residential buildings have been completely or partially destroyed.

“Reconstruction must be planned carefully, efficiently, and with extreme flexibility because we do not know how the war will end and what kind of post-war governance would be established in the Gaza Strip”, the UN official continued.

Also read: Taiwan Grants $878 Million In Relief Following 7.8 Magnitude Earthquake

Spriha Rai

Recent Posts

Mumbai’s Street MBA: How A Bag Hustle Became A ₹8 Lakh Business

A Mumbai auto driver earns up to ₹8 lakh per month by offering a simple…

37 mins ago

Five Districts In Manipur Face Internet Shutdown Following Unrest

Manipur suspended internet in five districts for five days after protests over arrest of a…

2 hours ago

Shashi Tharoor Criticises Pakistan: “In Pakistan You Get Rewarded For Promoting Terrorism”

Shashi Tharoor condemns Pakistan’s treatment of Dr Shakil Afridi, who helped the US locate Osama…

2 hours ago

How To Read Food Labels & Make Smarter Grocery Choices

Reading food labels helps you make informed, healthier choices by understanding nutrition facts & picking…

2 hours ago

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

14 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

15 hours ago