The announcement came just hours after the Bush administration assured Israel that its concerns regarding the plan would be taken into account.

The Israeli Cabinet will discuss the peace plan on Sunday or Monday, said Sharon adviser Raanan Gissin.

"In light of the fact that the United States will address Israel's concern ... Israel accepts the road map," Gissin said. The U.S. statement "has provided an assurance that the prime minister will submit it and get is passed."

A statement released by Sharon's office said: "Prime Minister Ariel Sharon has informed the United States that the state of Israel is prepared to accept the steps prescribed in the road map and that the matter will be brought before the Cabinet for approval."