US Secretary of State John Kerry's much-anticipated peace plan is to include a freeze on all settlement activity outside of the major blocs and the release of prisoners detained prior to the Oslo-agreement in 1993, London-based Al-Hayat reported on Saturday.
Quoting an unnamed Palestinian official, Al-Hayat reported that the plan is based on the re-launch of direct negotiations between Israelis and Palestinians, and includes three phases that will happen from between six to nine months.
Kerry's plan will reportedly include an economic initiative intended to establish joint projects in the region and develop the Palestinian territories.
According to the anonymous source, the plan will go ahead in light of Prime Minister Binyamin Netanyahu's acceptance of US President Barack Obama's May 2005 speech, in which Obama called to establish an independent Palestinian state on 1967 borders. The speech also included acknowledgement of a land exchange taking into account the realities on the ground - in other words, major settlement blocs - and the recognition of the Jewish state.