The funding is for the western section of the already existing road which will link up with Road 4 near Kfar Shmaryahu.
The Knesset Finance Committee today approved the NIS 2.4 billion investment in lateral Road 531. The funding is for the western section of the already existing road which will link up with Road 4 near Kfar Shmaryahu.
The Road 531 project includes the laying of a railway line and a water pipeline conduit. Approval of the funding will enable Shafir Civil & Marine Engineering Ltd., which won the tender to build the road two months ago, to begin work.
Work is scheduled to begin in ten months, once financing is secured. Under the PFI (private finance initiative) project, Shafir will receive a construction grant and an annual fee for operating and maintaining the road, which will revert to state ownership after 25 years.
Published by Globes [online], Israel business news - www.globes-online.com - on September 1, 2008
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