News

Trump’s Board of Peace to unveil $2.45 billion Gaza recovery plan, Axios reports

Cyprus Mail · 2026-09-23

AI SUMMARY

• What happened: US President Donald Trump's Board of Peace is set to unveil a $2.45 billion recovery plan for Gaza, which includes 66 projects aimed at addressing urgent needs in the region. • Why it matters: The plan seeks to provide temporary housing, economic recovery, and infrastructure repairs in Gaza, reflecting the extensive damage from ongoing conflict and the urgent humanitarian crisis. • What to watch next: The effectiveness of the recovery plan will depend on international cooperation and the resolution of political tensions between Israel and Hamas, as well as the willingness of donor countries to contribute funding.

**Trump’s Board of Peace to Unveil $2.45 Billion Gaza Recovery Plan**

US President Donald Trump’s Board of Peace is set to announce a comprehensive six-month recovery plan for Gaza, with an estimated budget of $2.45 billion. This announcement is scheduled for a meeting of the Board's members on Wednesday, according to a report by Axios.

The proposed plan encompasses 66 projects aimed at addressing critical needs in the region. Key components of the initiative include funding for temporary housing, the removal of rubble from conflict zones, repairs to hospitals, and efforts to stimulate economic recovery. Additionally, the plan outlines the deployment of a multinational security force to help stabilize the area.

The report cites a copy of the plan which estimates the physical damage in Gaza at approximately $35.2 billion. It further suggests that full recovery and reconstruction will require around $71.4 billion over the next decade. The ambitious scope of the project reflects the extensive damage and urgent needs in the region following prolonged conflict.

Among the specific proposals included in the plan are the repair of border crossings and the restoration of essential electricity and water infrastructure. To enhance energy access, the plan also calls for the deployment of 25,000 portable solar power kits. Furthermore, it suggests permanently filling tunnels beneath key sites that are necessary for priority reconstruction projects.

In late July, the Trump administration informed Congress of its intention to allocate more than $206 million for a proposed peacekeeping force in Gaza. This funding represents the first significant financial commitment towards the stalled US initiative aimed at rebuilding the beleaguered enclave.

The establishment of the Board of Peace was part of Trump's broader strategy to end the ongoing conflict in Gaza. However, since the announcement of a tentative agreement in late July, progress has been hindered. Both Israel and the Palestinian militant group Hamas have not met the necessary conditions to advance the deal, leading to a standstill in the recovery efforts.

Despite these challenges, the Board of Peace and the Palestinian government remain optimistic about securing the full $2.45 billion needed for the recovery plan. They believe that once political obstacles are overcome, donor countries will be willing to contribute to the funding required for the initiative.

As the situation continues to evolve, the unveiling of the recovery plan marks a significant step in efforts to address the humanitarian crisis in Gaza and pave the way for future reconstruction and stability in the region. The outcome of this initiative will depend heavily on international cooperation and the resolution of ongoing political tensions.

Source: Cyprus Mail
RELATED NEWS

More Stories

All News
News

MOD secures £500,000 portable air raid siren to enhance protection of RAF Akrotiri - Forces News

• What happened: The UK Ministry of Defence has acquired a £500,000 portable air raid siren to enhance the safety and security of RAF Akrotiri in Cyprus. • Wh...

News

How to build a payment strategy that supports business growth

• What happened: The article discusses the importance of developing a comprehensive payment strategy for businesses, emphasizing that a simple payment setup is ...

News

Abstract art in Mediterranean homes | Design trend guide

• What happened: Abstract art is increasingly becoming the dominant visual element in Mediterranean homes, replacing traditional ornamental decor with bold, exp...

News

Turkish Cypriot football club vows to return to CFA

• What happened: Turkish Cypriot football club Cetinkaya announced its intention to return to the Cyprus Football Association (CFA) as it celebrated the CFA...

News

Nicosia mayor faces call to resign amid deepening Makarios avenue row

• What happened: Nicosia Mayor Charalambos Prountzos is facing calls for resignation from a committee of local shopkeepers and residents due to disputes over th...

News

Pension reform to ensure system is viable for ’40 or 50 years’

• What happened: The Cypriot government announced pension reforms aimed at ensuring the system's viability for the next 40 to 50 years, with increases in p...