Plans to build a new fence along the Israeli-Egyptian border could cost US$1.37 billion.

The fence, similar to the security fence separating Israel from the Palestinian Authority which is made out of dense concrete and includes watchtowers, would take up to five years.

Sources in the Finance Ministry have said that the government would have to shuffle money, as the mass funding necessary for the completion of the Israeli-Egyptian border project would require dipping into various government department budgets.