Israel building an underground barrier along Gaza border: sources
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
JERUSALEM (Reuters) - Israel has begun construction of an underground barrier along the frontier with the Gaza Strip that is meant to block cross-border tunnels built by Palestinian militants, Israeli defense and political sources said on Thursday.
Since being blindsided during a 2014 war by tunnel raiders from the Hamas Islamist group that controls Gaza, Israel has stepped up work on technologies for spotting the secret passages. Currently Israel has a fence along the border.
Military engineers unearthed and destroyed 32 tunnels during the war, Israeli officials say, and the military has since uncovered two others.
One Israeli political source, speaking on condition of anonymity, said that the government has already budgeted some 600 million shekels ($160 million) to build one section of the underground concrete barrier.
The barrier will eventually be about 65 km in length, the source said.
Israel's Defense Ministry declined to comment on the issue.
($1 = 3.7521 shekels)
(Reporting by Ari Rabinovitch)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chinese state media hopes for best with Trump, prepares for worst
- Puerto Rico governor cites 'sharp contrast' with island's overseers
- Dead miner pulled from under landslide in Peru, six others missing
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!