Trump peace board readies US$2.45 billion Gaza plan
SCMP · 2 SOURCESabout 2 hours ago2 MIN
Summary
Donald Trump’s US-backed Board of Peace is preparing to unveil a six-month US$2.45 billion recovery plan for Gaza at a board meeting on Wednesday, centred on 66 projects intended to launch reconstruction and governance efforts. The blueprint includes temporary housing, rubble removal, hospital repairs, economic recovery measures and support for a multinational security force, while also covering border crossings, electricity and water systems, solar kits and tunnel filling for priority works. The board says Gaza’s physical damage is estimated at US$35.2 billion, with roughly US$71.4 billion more needed over the next decade for full recovery and reconstruction. The proposal is being rolled out as Trump’s wider ceasefire plan has struggled to advance beyond the halt in major fighting
Key Points
- The Board of Peace’s proposal covers six months and US$2.45 billion, with 66 projects designed to begin rebuilding and governance in Gaza.
- Planned spending includes temporary housing, rubble clearance, hospital repairs, economic recovery and deployment support for a multinational security force
- The plan also calls for repairing border crossings, restoring electricity and water networks, distributing 25,000 portable solar power kits and filling tunnels under priority sites
- The board estimates Gaza’s physical war damage at US$35.2 billion and says full recovery will require about US$71.4 billion over 10 years.
- Although the October 10 ceasefire reduced the heaviest fighting, Israel now occupies about 60 per cent of Gaza and Hamas remains armed
Why It Matters
For Hong Kong readers, the plan offers a clearer measure of the scale, cost and political conditions attached to any serious Gaza rebuilding effort, beyond headline ceasefire announcements. It also shows that reconstruction financing and governance remain inseparable from unresolved security issues, making any recovery timeline highly uncertain despite fresh US-backed funding moves.