Media: Trump's Board of Peace estimates Gaza recovery to cost over $70 billion

US President Donald Trump's Board of Peace is set to unveil a six-month, $2.45 billion recovery plan for Gaza at a meeting of its members on September 23.

The 66-project proposal outlines plans for post-war reconstruction and governance, including temporary housing, rubble removal, hospital repairs, economic recovery and the deployment of a multinational security force, according to a copy obtained by Axios.

The plan is the result of a year of work involving the 28-member Board of Peace and the Palestinian technocratic government.

However, implementation would depend on cooperation from Israel and Hamas. Israel's government has agreed in principle to some elements but has refused to begin implementing them, while Hamas has agreed in principle to disarm. The process has yet to begin, partly because Israel has refused to implement a 14-day ceasefire before demilitarisation.

The Board of Peace hopes the recovery process can start after Israel's October 27 elections and the formation of a new government. But a political stalemate could further delay implementation.

The plan estimates physical damage in Gaza at $35.2 billion and says full recovery and reconstruction would require about $71.4 billion over the next decade.

Infrastructure would receive about $1 billion of the initial funding, including $400 million for temporary shelters, $275 million for rubble and unexploded ordnance clearance, $50 million for hospital rehabilitation and $30 million for damaged roads. The plan also includes restoring electricity and water infrastructure and repairing border crossings.

Security-related projects would account for about $885 million. This includes $275 million for a permanent site in Rafah capable of supporting 5,000 International Stabilisation Force personnel and $140 million for recruiting, training and deploying a multinational security contingent.

Another $120 million would be used to mobilise Palestinian police. A further $20 million would fund a weapons buy-back programme encouraging Hamas and other armed groups to surrender weapons and ammunition for safe disposal.

One immediate priority is moving displaced Palestinians out of tents. About $400 million is earmarked for insulated caravans, while the UAE would fund a pilot "Emirati Neighborhood" in Rafah for 50,000 people. Around $300 million would also go towards health, education and welfare programmes.

The proposal also seeks to establish a functioning Palestinian administration and revive Gaza's private sector, with projects including digital identification and payments, 4G connectivity, electronic health and education systems, small-business grants and a new investment fund.

The Board of Peace and the Palestinian technocratic government say the recovery should be Palestinian-led and based on "Palestinian ownership".

Funding remains a major challenge, as the full $2.45 billion has not yet been secured. Board officials say the entire amount will not be needed immediately and expressed confidence that donor countries will provide funding once political obstacles are cleared.

Representatives from 35 countries are expected at a briefing on September 23, including the EU and several of its member states. Trump's senior adviser Jared Kushner and White House envoy Steve Witkoff are due to speak, alongside senior Board of Peace and Palestinian officials.

By Aghakazim Guliyev