World News | Israel's Knesset Approves USD 1.3 Billion for Gaza Border Region's Rehabilitation
Get latest articles and stories on World at LatestLY. Under the terms of the law, which passed its final reading in the Knesset plenum by a vote of 37-0, the government will lead an accelerated seven-year recovery plan, reinforcing the Takuma Directorate's role in regional restoration.
Tel Aviv [Israel], March 31 (ANI/TPS): Israeli lawmakers unanimously approved NIS 5 billion (USD 1.3 billion) for economic, infrastructure, and social development in Gaza border communities on Monday.
Under the terms of the law, which passed its final reading in the Knesset plenum by a vote of 37-0, the government will lead an accelerated seven-year recovery plan, reinforcing the Takuma Directorate's role in regional restoration.
While the majority of the funds will go to communities within seven km of the Gaza border, the law earmarks NIS 1 billion (USD 270 million) for cities outside the immediate border area affected by the war, including Ashkelon, Ofakim and Netivot. (ANI/TPS)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)