20:45
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News Briefs

  Iyar 2, 5767 , 19/05/07

Gaydamak Offers to Fund Sderot Building Reinforcement

With Sderot residents complaining bitterly at the slow pace of approval for the building of secure rooms that can withstand Kassem rocket attacks in their homes, as well as the galling absence of reinforced schools and public buildings that put children, the sick and elderly, and the poor directly in danger of being hurt by Kassam rocket fire, billionaire Arkady Gaydamak said Friday that he was prepared to fund the reinforcement efforts for as many as 300 dwellings and structures.

Gaydamak made the offer at a meeting Friday with Sderot mayor Eli Moyal, and pledged $60 million to fund the project. The work will begin within the next two weeks, and Gaydamak said he hoped to have completed the project within four months.

Moyal praised Gaydamak for the offer, saying that the billionaire “is a welcome guest in this city, and we value our relationship with him. It's good that there are Jews like this,” he said.
Other archived news briefs:May 19 2007, 08:45 PM, 5/19/2007