Consortia Minrav Holdings Ltd. (TASE: MNRV) with Rad Bynet Ltd. and Shafir Civil and Marine Engineering Ltd. with Global CST Ltd. today won the NIS 10 billion Ministry of Defense tender to build and operate IDF Training Base City.
The consortium of Africa-Israel Investments Ltd. (TASE:AFIL), Electra Ltd. (TASE: ELTR), Ness Technologies Ltd. (Nasdaq: NSTC; TASE: NSTC), and Eltel Technologies Ltd. and the consortium of Shikun u'Binui Holdings Ltd. (TASE: SKBN) and ISS Israel Ltd. lost. The Africa-Israel consortium placed third and Shikun uBinui placed fourth.
The first stage of the IDF Training Base City project will cost an estimated NIS 2.5 billion, and the Ministry of Defense officials have estimated total cost of the project at NIS 10 billion. IDF Training Base City will cover a 2,600-dunam (750-acre) site in the Negev. Minrav and Shafir will initially build 250,000 square meters of structures on 1,000 dunam (250 acres).
11,000 soldiers will serve at IDF Training Base City, which is due to begin coming into service in late 2013. Development of the base will enable the IDF to vacate current training bases in central Israel, including Zrifin. The vacated bases will revert to the Israel Land Administration (ILA), which will distribute the land to neighboring local authorities for construction.
Published by Globes [online], Israel business news - www.globes-online.com - on July 28, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011