The tender has finally been published for the new highway that will enter Jerusalem through its southwestern neighborhoods. The new highway, Road 16, which will ease congestion on the existing western entrance to Jerusalem near the Central Bus Station and new railway station, was first approved eight years ago. It has taken far longer than expected to finally issue the tender.
The road will be built on a public-private partnership (PPP) basis with the winning bid planning, financing, building, operating and maintaining the highway on a 25 year concession. The road is due for completion by 2022.
The five kilometer road from Motza through the Jerusalem forest to the southwest will include three interchanges at Motza, Givat Shaul and Givat Mordechai. There will be two tunnels beneath Har Nof and Yefe Nof.
"Yediot Ahronot" reports that six consortia of Israeli and foreign companies have passed the pre-qualification phase and are expected to bid for the tender. Among the companies forming consortia will be Africa-Israel Investments Ltd. (TASE:AFIL), Shikun u'Binui Holdings Ltd. (TASE: SKBN), Minrav Holdings Ltd. (TASE: MNRV), Olitzky, Oron Group, Ashtrom Properties Ltd. (TASE:ASPR) and Electra Ltd. (TASE: ELTR). Foreign companies will likely include Impreza Pizzarotti, China Civil, and Pan Mediterranean.
Published by Globes [online], Israel business news - www.globes-online.com - on November 29, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016