TRANSPORT & INFRASTRUCTURE

If no alternative budgetary source is found, the demise of the travel tax could mean the end of tax breaks on purchasing electric vehicles.

Minister of Transport Miri Regev opposes the reform, which is included in the Economic Arrangements Bill.

Experts warn that without a change in the approach to planning, the transport situation in Israel will only worsen.

Tesla Israel country manager Itay Raved has written to Minister of Transport Miri Regev in efforts to prevent another tax hike on electric vehicles in 2026.

The funds from the offering, led by More Investment, will be used primarily for investments and development of activities in the energy.

The Israeli company is transforming existing optical fiber into the world’s most advanced infrastructure monitoring platform.

Infrastructure projects in Israel are heavily reliant on European companies, which will find it difficult to bid in new tenders.

So far, Minister of Transport Miri Regev has only set up a committee to examine the matter, as the taxi drivers accuse her of pandering to haredi interests.

After two years of service, the Red Line has reduced travel times but its potential won't be fully realized until the two other lines are opened.

The Israeli smart public transport and mobility solutions company plans to issue shares at a price between $40 and $44.

Sources tell "Globes" that WSP, which is supporting the Metro project, is bowing to anti-Israel political pressure, raising concerns about the participation of international giants in Israeli projects.

The central section of the Red line was closed in May so that it could be connected to the Green Line, which opens next year.

Itzik Weitz became CEO of Carasso Motors amid disputes in the controlling Carasso family. It has been worth NIS 284 million.

In the second quarter, net profit plunged 94% to just $24 million, or earnings per share of $0.19, way below the analysts' expectations of $1.30.

Following last week's incident when a freight train tore electrical cables, Israel Railways is now closing Tel Aviv Hashalom station for a week for safety work.

Minister of Finance Bezalel Smotrich has signed regulations for the special betterment levy applicable to properties enhanced in value by proximity to planned Metro stations.

The Israeli public transport and mobility solutions company saw increased revenue and narrower loss in 2024.

This deal comes after earlier this year the Israel Competition Authority opposed the acquisition of the taxi hailing app by parking payments app Pango.

Reports say Israeli shipping tycoon Rami Ungar could team with ZIM CEO Eli Glickman and other top executives to acquire the company.

A recent meeting in Germany between Transport Minister Miri Regev and Tesla VP EMEA Joe Ward discussed setting up a smart transport hub in Israel.

Minister of Transport Miri Regev's plan for a second level on Road 6 will not solve Israel's traffic jams in the long term.

In the final quarter of 2025, a series of new showrooms is due to open around Israel, at a total investment of tens of millions of shekels.

The Reindeer power station due to be built near Kfar Saba, subject to cabinet approval, has encountered another obstacle.

"Globes" has learned that the Ministry of Transport is already working on preparing a new tender and the Nakash brothers are unlikely to have their rights extended.

The Ministry of Finance has published an order on cutting purchase tax on indirectly imported vehicles, which could save Israeli buyers thousands of shekels.

The new generation of charging stations can fully charge a vehicle battery in five minutes.

The Israeli transport solutions company has given no details of the size of the offering, but last time it raised money was at a company valuation of $3.5 billion.

The Eilat Municipality has seized the bank accounts of the Red Sea port due to tax debts of over NIS 600,000.

The consortia have entered the pre-screening stage of the tender for setting up the project and operating it for 22 years, although it is still in dispute in the government.

Xiaomi importer Hemilton has formed a partnership with the Hamizrahi vehicle importer to bring the Chinese electric vehicles to Israel.