Danya Cebus wins Road 1 Motza bridges tender

The Africa-Israel subsidiary will build two 800-meter bridges over the Motza Valley on the main Tel Aviv-Jerusalem highway..

Danya Cebus Ltd. (TASE: DNYA) has won the Israel National Roads Company Ltd. tender to build two bridges on Road 1 (the Jerusalem-Tel Aviv highway) over the Motza Valley. The NIS 170 million project is for the construction of two 800-meter bridges with three lanes in each direction and wide shoulders. The spans will be 3-25 meters above the valley floor, and will take into consideration the unique landscape and historic value of the area.

Work on the bridges will begin in 2013, and will take two and a half years.

Under the terms of the tender, the contractors competed under the cost-time method; the winner was the company that offered the best weighted cost - the lowest price and shortest construction time. The objective of this method is to minimize the work's disruption to the public. This is the fourth of the five tenders for rebuilding the Jerusalem-Tel Aviv highway.

Seven bids by top Israeli infrastructure contractors were submitted in the Motza Valley bridges tender. Danya Cebus, the contracting arm of Africa-Israel Investments Ltd. (TASE:AFIL), controlled by Lev Leviev, won the tender, and joins the winners of previous tenders for the Road 1 upgrade project: Mordechai Binyamin & Sons Earthworks (1993) Ltd., which will upgrade the 6.5 kilometer stretch between Sha'ar Hagai and Shoresh; Gili and Yoel Azaria Ltd., which won the tender to upgrade the stretch from Shoresh to the Hemed Interchange by Abou Ghosh; and Hofrey Hasharon Ltd.

The upgraded Road 1 is one of the most important infrastructure projects that will be carried out by the Ministry of Transport and the Roads Company in the coming years. The NIS 2.5 billion project includes the construction of a network of bridges, tunnels and interchanges on the 16-kilometer section of the highway between the western entrance to Jerusalem and Sha'ar Hagai. The road is planned to handle heavy projected traffic; it already suffers from severe congestion. The project includes adding a third lane in each direction along the entire section, widening the shoulders, reducing the gradients, and straightening the bends, including by digging tunnels beneath the Harel Interchange and building bridges over the Motza Valley.

A new interchange will be built at Neve Ilan, and the Ein Hemed Interchange will be replaced and upgraded. The bottleneck, which causes severe congestion, at the exit from Jerusalem where Road 1 and Road 9 converge will be eliminated. The easier gradients will reduce the number of vehicles that break down on the road, causing huge traffic jams, after failing to overcome the steep gradients.

The new road will improve safety and reduce fuel consumption and air pollution. It will have electronic sensors for traffic management and control.

Minister of Transport Yisrael Katz said, "The new highway to Jerusalem is one of the most important traffic arteries in Israel. Its widening to three lanes, the mining of tunnels, and the building of bridges will give the capital a worthy road."

Roads Company general manager Shai Baras said, "When the project is completed, travelers to Jerusalem will enjoy a fast, comfortable, and safe trip to the capital. The new bridge will span the valley protecting its natural value, eliminate the dangerous Motza curve, and ease the area's well-known steep gradient. This will reduce fuel consumption and air pollution, shorten travel time, and reduce traffic congestion."

Published by Globes [online], Israel business news - www.globes-online.com - on October 25, 2012

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

Ben Gurion airport Terminal 1 credit: Shutterstock Terminal 1 to reopen in last week of March

Ben Gurion airport's Terminal 1 is important for airlines wanting to cut operating costs because it charges lower taxes than Terminal 3.

Gali Baharav-Miara and Yariv Levin credit Marc Israel Sellem Jerusalem Post and Yoav Dudkavich Yediot Ahronot Justice Minister begins process to oust Attorney General

Yariv Levin claims that Gali Baharav-Miara acts as the "long-arm of the government's opponents."

monday.com co-CEOs eran Zinman and Roy Mann credit: Netanel Tobias Fake anti-Israel ads target tech co in London

The advertisements on London Underground Victoria Line railway carriages cited examples of monday.com's projects as genocide and ethnic cleansing.

Beny Steinmetz credit: Reuters Denis Balibouse Greek Supreme Court frees Israel's Benny Steinmetz

Greece's top court has quashed a lower court's ruling to deport Steinmetz to Romania.

Leviathan platform  credit: Albatross State royalties on natural resources reach new peak

At NIS 2.37 billion, royalties from natural gas and minerals in 2024 were 8.2% higher than in 2023.

Haifa Port  credit: Shlomi Yosef How Trump tariffs could benefit Israel

Israel's free trade agreement with the US makes it an attractive investment destination for companies seeking to preserve access to the US market.

Grain team credit: Roei Shor Israeli forex optimization co Grain raises $33m

Grain’s technology optimizes foreign exchange for cross-border transactions, automatically mitigating currency fluctuation risks while sourcing pricing opportunities to drive higher sales conversions for its customers.

Selina hotel in Tel Aviv credit: Inbal Marmari Hospitality chain Selina Israel files for liquidation

The company has NIS 1.5 million in unpaid commitments and a NIS 32 million loan.

Bank Hapoalim branch  credit: Aviv Gottlieb Bank Hapoalim raising NIS 3b

The bank is offering two series of CoCo bonds, one of which is for 25 years, and 12-month commercial paper.

Google Haifa offices credit: Shutterstock Google Israel hiring dozens of engineers to develop AI chip

Google is expanding its chip development operations in Israel to develop a network interface card communication chip.

Eon founders credit: Eon Investors press Eon to raise money at $2.5b valuation

The Israeli cloud backup company saw its valuation soar last year in three financing rounds from $215 million to $1.4 billion.

Aryon founders credit: Nadav Margalit Israeli cloud security co Aryon raises $9m

The Tel Aviv-based company has developed a cloud security enforcement platform, which pioneers a proactive approach that aims to transform cloud security by preventing cloud risks before they emerge.

IATA CEO Karin Mayer Rubinstein credit: Michael Franco IATI optimistic life sciences recovery will continue

85% of the senior figures in venture capital funds in Israel's biomed sector see investments by companies and foreign funds increasing in 2025 compared with 2024.

Average wage in Israel credit: Shutterstock Rita Kapitulski Average wage in Israel rose 5.1% in 2024

The average wage of an Israeli employee rose by 5.1% in 2024, compared with 2023, the Central Bureau of Statistics reports.

Eilat house near the sea credit: Amram Avraham Investor buys Eilat house near sea for NIS 5.8m

A six-room, 164 square meter house with a 362 square meter yard was sold recently to an Israeli from the center of the country.

European leaders' defense summit in London, March 2025  credit: Reuters/Javad Parsa Israeli defense cos seen gaining as Europe rearms

Not only are Israeli systems highly respected, but Israeli companies are well adapted to working in Europe.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018