Trump's Board of Peace Unveils $2.45 Billion Gaza Recovery Plan

President Trump's Board of Peace will unveil a $2.45 billion recovery plan for Gaza on Wednesday. The plan is the result of a year of work by dozens of people on the Board of Peace and in the Palestinian technocratic government. It includes projected spending for temporary housing, rubble removal, hospital repairs, economic recovery, and the deployment of a multinational security force.

The plan divides the 66 projects into six areas: infrastructure development, human development, economic acceleration, digital transformation, legal affairs, and peace and security. Infrastructure accounts for the largest share, at roughly $1 billion, including about $400 million for temporary shelters and $275 million for rubble and unexploded ordnance clearance. Security-related projects account for roughly $885 million, making them another major component of the proposal.

For the plan to move forward, the Board of Peace needs Israel and Hamas to cooperate. While the Netanyahu government has agreed in principle to aspects of the plan, it has refused to start implementing it, mainly for domestic political reasons ahead of the elections. Hamas has agreed in principle to disarm, but it hasn't been tested yet, partly because Israel won't implement a 14-day ceasefire before the demilitarization process starts.

The Board of Peace hopes that after the Israeli elections on October 27 and the formation of a new Israeli government, the Gaza recovery process can finally start. However, the election is unlikely to yield a clear winner, resulting in a caretaker government and a political stalemate. That could further undermine implementation of the Gaza proposal.

The plan estimates physical damage in Gaza at $35.2 billion and says full recovery and reconstruction will require about $71.4 billion over the next decade. A key challenge is funding, as the Board of Peace and the Palestinian technocratic government haven't secured the entire $2.45 billion. However, Board of Peace officials say they don't need the entire sum immediately and expressed confidence that once the political hurdles are cleared, donor countries will step up to fund the various projects.