No results.

close

Israel: Infrastructure projects worth over $30b over next decade

i24NEWS

clock 3 min read

Construction of the new Allenby underground station of the light rail red line in Tel Aviv, Israel, July 14, 2021.
Yossi Zeliger/Flash90Construction of the new Allenby underground station of the light rail red line in Tel Aviv, Israel, July 14, 2021.

Projects include those in the fields of transportation, energy, water, and government buildings

Israel's Finance Minister Avigdor Lieberman announced on Sunday that infrastructure projects worth almost a combined $35 billion will be launched over the next decade.

Projects include those in the fields of transportation, energy, water, and government buildings, The Jerusalem Post (The Post) reported.

At least about $15b will be public-private partnerships with Israeli companies, Lieberman disclosed at a press briefing.  

https://twitter.com/i/web/status/1452266386588323845 ...

This post can't be displayed because social networks cookies have been deactivated. You can activate them by clicking .

“Immediately after we pass the state budget, we will release a large number of projects,” he said. 

“Some of these projects will be implemented next year, or in 2023 or afterward. These are large projects that will bring more continued growth to the Israeli economy.”

According to The Post, most of the planned initiatives are things that were already announced.

Although, this was the first time that Israel’s Finance Ministry presented them systematically, including timelines for each project as well as clarifications of governmental priorities, Accountant-General Yali Rothenburg said.

Over $6b is allocated to transportation projects which are currently underway, such as light-rail projects in Tel Aviv and Beersheba, The Post reported.

A new airport is also in the planning stages, pending a final decision on its location.

Earmarked for other light-rail routes is almost $16b, which will act as the network for the massive Tel Aviv Metro project.

Video poster

Another $6b is designated for three other transportation projects: a light rail between central and northern Israel, as well as express lanes and building the actual lines for the Tel Aviv Metro, The Post reported.

At least $4.5b is reserved for large power plants and water desalination plants, and almost $3.5b is set aside for government building projects