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$14 Million Invested in Improvements in Old Jerusalem

July 19, 1971
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More than $14 million has been invested in the Jewish Quarter of Old Jerusalem during the past four years. Yehuda Tamir, chairman of the Company for the Reconstruction of the Jewish Quarter announced today. He said that $14,294,294 had been spent on development work and compensation payments to Arab families evacuated from the area. Tamir added that another $10 million will be invested during the next four, years after which “the basic things will be finished.” He said streets in the Old Quarter are now being excavated to lay underground television and telephone cables and water and sewer lines. By the end of 1972, he said, some 200 to 250 of the planned 600 apartments will have been completed.

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