Highway 16 PPP in Jerusalem, a project that has been declared as a national infrastructure project, reached financial close and is set to begin construction. The project developers secured sufficient funding and were granted construction permit.
The project is being developed by a consortium of Pizzaroti and Shapir Engineering and Industry. It is estimated as ILS 1 billion (USD 270 million).
The project features a new entrance road to Jerusalem and is aimed to reduce congestion at the entrance.
The highway is expected to open in 2022-2023. The concession will run for 25 years.
Country updates
-
-
August 16, 2019
USD2.8bn LRT project awarded in Israel
TransJerusalem J-Net Ltd consortium comprised of CAF Group and Shapir Engineering was awarded a concession to build, operate and transfer light rail project in Jerusalem. The project is a PPP scheme a...
Read more -
May 22, 2019
Three bids in for Israeli desalination plant
The Israeli government has received three bids interested to develop the Sorek B desalination plant project under the Public-Private Partnership (PPP) scheme. The project involves the...
Read more -
May 17, 2019
Government set to repair and sell the Ashdod desalination plant
The government of Israel and Mekorot Water Authority, Israel’s national water company have reached an agreement to sell and repair Ashdod Desalination Plant. The plant is currently own...
Read more -
March 22, 2019
Delek Group sales 30% share in I.D.E. Holdings LTD to Alfa Partners
Delek Group announced agreement with the Alpha Water 2 Limited Partnership for the sale of 30% of the shares of I.D.E. Holdings Ltd, on February 28, 2019 all the contingent terms stipulated in th...
Read more -
March 06, 2019
Six bidders for US$4 billion light rail PPP in Tel Aviv
Six international consortia have applied to pre-qualify to develop two new light rail transit (LRT) lines in Tel Aviv, estimated to cost ILS15 billion (US$4.13 billion).
Read more
