Huge Tel Aviv light rail tender attracts 5 bids

Purple Line Photo: NTA
Purple Line Photo: NTA

Five consortia have bid in NTA's NIS 15 billion tender to build and operate the Green and Purple Lines.

NTA Metropolitan Mass Transit System Ltd. has announced that it has received five bids from consortia for the huge NIS 15 billion tender to build and operate the Tel Aviv light rail Purple and Green Lines.

The five consortia are: Spanish company CAF and Shapir Engineering and Industry Ltd. (TASE: SPEN); CRCC, CRRC, Shikun and Binui Holdings Ltd. (TASE: SKBN) and Egged Israel Transport Cooperative Society Ltd.; Alstom, Electra Ltd. (TASE: ELTR) and Dan; China Harbor (CHEC), Minrav Holdings Ltd. (TASE: MNRV) and Allied; CREC, the Noy Fund, and The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) and Bombardier.

The Green Line will extend over 39 kilometers from Holon in the south via central Tel Aviv, Tel Aviv University, to Kiryat Atidim and Herzliya Pituah. There will be 62 stations with four of them underground. The Purple Line will extend over 29 kilometers from Yehud and Kiryat Ono and Bar-Ilan University and Sheba Medical Center in Tel Hashomer to central Tel Aviv and the Carmel Market. There will be 43 stations. Construction of the two lines is scheduled for completion in 2026.

The Public Private partnership (PPP) tender will require the winning consortium to plan, build, operate, maintain, supply rolling stock and provide financing for the Green and Purple Lines.

NTA CEO Haim Glick expressed great satisfaction at the number of bids and he said that the tender had been received with an international vote of confidence. "We now expect that the Green and Purple Lines will receive a major boost in planning and construction and within a few years the Gush Dan Mass Transit System will be one of the most advanced in the world."

After several delays, the Tel Aviv light rail Red Line is now scheduled to begin operations in 18 months.

en.globes.co.il - on September 15, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020 .

Purple Line Photo: NTA
Purple Line Photo: NTA
Wix president Nir Zohar credit: Alan Tzatzkin Wix provides cautious 2025 guidance after strong 2024

The Israeli website building platform company reported its first-ever GAAP operating profit in 2024.

Saar Yoskovitz and Gal Shaul  / Photo: Augury Israeli industrial AI co Augury raises $75m

The new round represents an increase in valuation for Augury, which maintains its position as a ‘unicorn’ startup.

Eitan Yochananof and Eyal Ravid credit: Eyal Izhar and Tali Bogdanovsky Regulator indicts Victory, Yochananof CEOs over price fixing

The Israel Competition Authority today issued first indictments, following the food price fixing investigation.

Shekel credit: Shutterstock Vladirina 32 Shekel gains continue as Gaza talks progress

The shekel continues to trade at its strongest levels against the dollar since early 2023.

New York credit: Shutterstock Tel Aviv - New York fares stay high despite US airlines return

Ticket prices to the US will continue to cost at least $1,200 return, according to Ophir Tours, with most fares ranging between $1,500 and $2,000, or even more.

Greenfield Partners team credit: Eyal Toueg Greenfield Partners closes $400m third fund

The funds were raised from institutional investors in Israel, the US, Europe and Asia and brings the total funds under management to more than $1 billion.

Blockaid founders Ido Ben-Natan and Raz Niv credit: Liron Weissman Israeli onchain security co Blockaid raises $50m

Blockaid protects the largest companies building onchain, including Coinbase, Metamask, Stellar, Uniswap, and World App.

Air Haifa  credit: ATR Air Haifa to launch Paphos flights

New Israeli airline Air Haifa will launch a new route between Haifa and Paphos in Cyprus on April 3, 2025 with six weekly flights.

Bladeranger Deepsolar credit: PR Bladeranger divests Deepsolar to Painreform in strategic move

Deepsolar, acquired by Bladeranger in early 2023, is a sophisticated software solution designed to optimize the management of photovoltaic solar energy fields.

Traffic jam on the Ayalon Highway in Tel Aviv credit: Shutterstock Tender issued for operating Tel Aviv congestion charge

Minister of Transport Miri Regev has dropped her opposition to the project, reportedly in exchange for financing railways to Kiryat Shmona and Eilat.

Ilya Sutskever credit: Cadya Levy Ilya Sutskever's SSI raising money at $30b valuation - report

The AI startup founded last year by OpenAI founder and former chief scientist Ilya Sutskever, is in talks to raise money at a company valuation of over $30 billion, "Bloomberg" reports.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al stock still rising despite return of foreign airlines

The Israeli carrier's share price has risen 35% since the start of the year and some analysts predict further gains.

NIS 200 bills credit: Tali Bogdanovsky Reduction in cash holdings after NIS 200 bill abolishment talk

Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data.

Teva CEO Richard Francis credit: Elad Malka Teva CEO responds to 25% share price fall

Richard Francis said that the question is no longer whether Teva will survive but whether it can grow more.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel fell in January

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Dizengoff Center credit: Guy Hamoy Israel's economy grew 1% in 2024, above expectations

This figure reflects negative GDP per capita growth of 0.3%, because of population growth last year, the Central Bureau of Statistics reports.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018