The figure was announced during a meeting of the group's board at the sidelines of the UN General Assembly in New York.

Ramiz Alatbarov told the Security Council that resolution 2803 and the comprehensive plan to end the Gaza conflict must be implemented in full, listing disarmament, IDF withdrawal, deployment of an international stabilization force, and transfer of governance authority as required steps.

Few places in the Palestinian territory of over 2 million people have been left unscathed, and the United Nations, World Bank and EU estimate that reconstruction will cost US$70 billion.

Few places in the Palestinian territory of over 2 million people have been left unscathed, and the United Nations, World Bank and EU estimate that reconstruction will cost US$70 billion.

Georges Mariera da Silva, head of UNOPS, says Gaza’s immediate recovery requires rubble removal, demining, steady fuel supplies and rapid repairs to the power plant; UNOPS estimates $10 million could restore significant electricity in the near term and stresses political and access barriers must be lifted.