National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL

574.3.5 Facilitating InvestmentRelief Early Recovery Reconstruction Total- $20m $130m $150mAvailability of capital will be critical to the recovery and reconstruction efforts of the private sector. Recognizing the extremepressure that the assault has placed on private businesses, the Palestinian Monetary Authority (PMA) has already implementeda scheme for deferral of repayment of existing loans. Looking forward, in addition to providing compensation and assistanceto the private sector, the Government, and the PMA will work with the banking sector to put in place appropriate financingmechanisms to enable the private sector to access additional financing for the recovery and reconstruction efforts. Throughthese mechanisms, the private sector should be able to secure increased access to working capital (for small repairs andrestocking of raw materials) as well as long-term capital (for rehabilitation and reconstruction of own capacity, but also fordevelopment and delivery of reconstruction projects), at reduced interest rates. Alongside additional financing mechanisms,options for affordable risk insurance for domestic businesses will be explored. These facilities will allow selected businesses toleverage the compensation and assistance they receive to greater effect and at lower risk.Alongside increased financing, the Government will deliver selected capacity development programs, to strengthen the likelihoodof success of reconstruction efforts by the private sector and drive increased profitability. These will include professional training,improvement of management skills, marketing support, and awareness of financing strategies and options.4.3.6 Summary of Interventions in Economic SectorInterventions & Estimated Costs by PhaseSub-Sector Relief Early Recovery ReconstructionAgricultureIndustry andManufacturingTrade andServicesEmploymentFacilitatingPrivateInvestmentESTIMATEDSUB-SECTORCOSTTOTAL SECTORCOST• Detailed assessment of the agriculture sector• Compensation for production, livestockand fishing losses• Restoration of farm land, fruits, and crops• Restoration of livestock economy• Rehabilitation of fishing equipmentEstimated Cost: $194m Estimated Cost: $257m• Detailed assessment of damaged facilities• Compensation for production lossesEstimated Cost: $75m Estimated Cost: $284m• Detailed assessment of damaged facilities• Compensation for losses• Rehabilitation of some 3,400 commercialestablishments• Rehabilitation of telecommunicationinfrastructure• Reconstruction of agricultural infrastructureand assets• Continued restoration of fruits and crops• Continued restoration of livestock economy• Continued rehabilitation of fishing equipment• Rehabilitation and reconstruction of 990industrial facilities• Rehabilitation and possible expansion of GazaIndustrial Estate and other industrial zones• Reconstruction of some 800 commercialestablishments• Rehabilitation of tourism facilitiesEstimated Cost: $130m Estimated Cost: $77m• Cash for work programs in support of • Vocational training opportunities to improverehabilitation and reconstructionemployment opportunities(will remain ongoing for reconstructionperiod also)Estimated Cost: $62m Estimated Cost: $7m• Financing facility for repairs and restarting ofoperationsEstimated Cost: $20m Estimated Cost: $130m• Expanded range of financing facilities forinvestment• Expansion of risk guarantees for domestic firms• Capacity building$481m $754m$1.2b