BREAKING NEWS

First phase of Egypt-Gaza buffer zone to cost $70 million

DECEMBER 26, 2014 04:37

Egypt is completing the first phase of a buffer zone along its border with Gaza and is going to start the second phase soon, the governor of North Sinai said this week.

Gen. Sayed Harhour, governor of the region, told Ahram Online on Wednesday that the cost of finishing the first phase of the buffer zone would reach as much as $70 million (500m. Egyptian pounds), after they pay compensation to the residents of the remaining 837 homes.

“The second phase that will begin soon along 500 more meters includes even more homes,” he said.

The government is paying property owners around $14 a meter for open land and between $98 to $168 for homes, said the report. In addition, $126 in emergency aid was being given to each evacuated family.

Reuters contributed to this report.

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