Shapir, Pizzaroti to build new Jerusalem entrance highway

Shapir Photo: Assaf Mordechai

Construction of Road 16 will begin next year and should be completed in 2023.

Shapir Engineering & Industry Ltd. (TASE: SPEN) and Italian company Pizzaroti will build and maintain the new entrance highway to Jerusalem - Road 16 - for 25 years. Construction of the project is estimated to cost NIS 1 billion and the project will be undertaken on a PPP basic - Public private Partnership. Building will begin next year and the highway is scheduled to open for traffic in 2023. The award to Shapir and Pizzaroti was announced earlier today by the Inter-Ministerial Committee Tenders Committee.

The new highway will provide Jerusalem with an additional western entrance, serving southern and western suburbs. The 5 kilometer highway, branching off from Road 1 at the Motza Interchange, will include two tunnels under Har Nof and Yefe Nof and new interchanges at Givat Shaul and adjacent to Shaarei Zedek Hospital.

Shapir (50%) and Pizzarotti (50%) overcame five other groups to win the tender. Road 16 will ease congestion at the western entrance to Jerusalem.

Published by Globes [online], Israel business news - www.globes-online.com - on August 16, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Shapir Photo: Assaf Mordechai
Shapir Photo: Assaf Mordechai
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