Government investment in the North could reach $1 billion

Sunday, September 10, 2006 |  by Staff Writer
A government official said that the total investment in rebuilding Israel’s northern region since the war could reach almost $1 billion, not including money to be paid by the Property Tax Authority and the expected investment in infrastructure.

Director General of the Prime Minister’s Office Raanan Dinur surveyed investments in the north based on fundraising projections that were presented during the Northern Cabinet meeting. Government ministries will transfer 1 billion shekels from their own budgets to strengthen Haifa and the north. In addition, 1.53 billion shekels in other government allocations will be transferred. Another 1.5 billion will be allocated based mostly on contributions from the international Jewish community.

Dinur also surveyed the budgets to be allocated to the different professional taskforces employed to the mission. The largest budget increase, to the tune of 725 million shekels ($165 million) will be allocated to teams working on special projects headed by Director General of the Deputy Prime Minister’s Office Efrat Duvdevani.

The team working on assisting local municipalities will receive 450 million shekels; the team working to develop economic tools to assist the residents and businesses of the north will receive 280 million shekels; and the team responsible for assisting populations with special needs will receive 75 million shekels.

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