"Eilat railway increases Chinese, Indian interest in Israel"

Prime Minister Benjamin Netanyahu: The Eilat railway is of strategic, national, and international importance.

"The Eilat Railway will be a passenger railway with a travel time of two hours," said Prime Minister Benjamin Netanyahu in his opening remarks at today's cabinet meeting. "This will also be a line for the shipment of goods from Asia to Europe. This will create a very great interest on the part of the rising powers - India and China - and others, in Israel. It therefore has strategic, national, and international importance to build this line."

Netanyahu said that the cabinet would need more meetings to complete the discussion on building the Eilat railway. "This change is the realization of the vision to link-up Israel and the development of transport infrastructures north to Kiryat Shmona and to Eilat with traffic light-less roads and railways - lines for travel within Israel and as an intercontinental transit point."

Netanyahu said that the Eilat line was good news that would dramatically affect Israel for the next 50 years.

Published by Globes [online], Israel business news - www.globes-online.com - on January 29, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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