No Result
View All Result
  • Login
Saturday, April 18, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

NIS 65b Metro tenders underway

by FeeOnlyNews.com
5 months ago
in Business
Reading Time: 3 mins read
A A
0
NIS 65b Metro tenders underway
Share on FacebookShare on TwitterShare on LInkedIn


The Metro tenders, amounting to at least NIS 65 billion, get underway today. The stage published today is the pre-qualification stage for the excavation of 150 kilometers of double tunnels under 24 local authorities in Gush Dan.

Companies and consortia that pass the pre-qualification stage will become part of a pool of contractors for the first stage of the project, consisting of 78 kilometers of tunnels and 59 underground stations.

Next year, the construction tenders will be published, inviting bids for eleven parcels of work. Each consortium admitted to the pool will be able to bid.

The first round of tenders will focus on the sections of the inner ring of the three Metro lines, which will form a broad network of connections and yield the main economic benefit of the project.

According to NTA Metropolitan Mass Transit CEO Itamar Ben-Meir, the excavation work will require 20 TBMs (tunnel boring machines) to remove 40 million cubic meters of earth. Lining the tunnels will require 1.25 million segments, and the works will employ over 16,000 experts and workers, most of whom will come from overseas.

The pre-qualification process is intended to identify Israeli and international companies “with proven experience in excavation and construction of tunnels and underground stations, with a view to their participation in the planning and execution of stage A of the Metro project. Companies will be able to compete in the process independently as individual companies or to combine in consortia of up to three partners each.”

As previously reported by “Globes”, because of the war and its impact on the preparedness of international companies to work in Israel, NTA has devised a “permeable” tenders process, whereby, in a year’s time, additional consortia will be able to bid to join the pool of contractors, but first preference will be given to those companies that enter the process now.

Last week, a delegation led by Ben-Meir returned to Israel from a visit to South Korea where an effort was made to interest companies that have not worked in Israel up to now in bidding in the tenders. A previous NTA delegation visited India. The attempt to open up the tender to companies new to Israel stems from the understanding that the Israeli infrastructure companies do not have the capacity to cope with the huge scope of the works, while there is no clear directive on engaging Chinese companies in the light of the diplomatic tension over the matter, and the coolness towards Israel of European companies.





RELATED ARTICLES




European hostility could jeopardize Metro




NTA sees further delay in Metro launch


Light rail boosts Jaffa home prices


Tel Aviv light rail still underused






Besides the visits of the NTA delegations, the timing of the tender process also arises from the hope that with the end of the war companies that previously hesitated to come to work in Israel because of political pressure will now be prepared to do so, and benefit from a developed market that is on the move, as this is an unusually large project even by international standards.

Altogether, the Metro will have 109 underground stations, and passengers are expected to make 600 million journeys on it annually, rising to 800 million once it is connected to the Light Rail network. NTA stresses that work has already started on the Rishonim depot on the M1 line, the Segula depot in Petah Tikva and the Golda Meir depot in Holon on the M2 line, and the Yigal Alon depot in Or Yehuda on the M3 line.

“Beyond the transport solution for Gush Dan, the Metro will be an economic engine creating thousands of jobs that will encourage urban renewal for residential areas and businesses along its length. According to an economic study, the Metro will save the economy over NIS 34 billion annually,” NTA says.

The Metro does still face significant challenges. After postponements, the first stage is due to open between 2037 and 2042, but this is still a very ambitious timetable. Last month, Uzi Itzhaki resigned as head of the National Metro Authority after only five months. The authority is a government body meant to remove government and other obstacles so that NTA can carry out the work swiftly and efficiently.

Then there is the sourcing of the cement, the manufacture of the concrete panels that will line the tunnels, and the disposal of huge quantities of earth and sand. The leaders of the project will have to deal with all these things, not to mention politicians, local authorities, and lack of coordination between entities responsible for infrastructure in the country.

Published by Globes, Israel business news – en.globes.co.il – on November 10, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: 65BMetroNIStendersunderway
ShareTweetShare
Previous Post

Hiring Advisory Firm Employees For The Long Term: How To (Efficiently) Screen For The Right Culture Fit

Next Post

The 10 Best Cities in America for an Affordable Warm-Weather Winter Vacation

Related Posts

HDFC Bank Q4 Results: Net profit rises 9% to Rs 19,221 crore; announces Rs 13 dividend for FY26

HDFC Bank Q4 Results: Net profit rises 9% to Rs 19,221 crore; announces Rs 13 dividend for FY26

by FeeOnlyNews.com
April 18, 2026
0

HDFC Bank, India’s leading private lender, reported a net profit of Rs 19,221 crore in the March quarter, marking an...

Trump’s big housing market solution is dead on arrival, UBS says—it’s Texas from 25 years ago

Trump’s big housing market solution is dead on arrival, UBS says—it’s Texas from 25 years ago

by FeeOnlyNews.com
April 18, 2026
0

The Trump administration’s grand plan to fix America’s housing affordability crisis leans heavily on deregulation, and Wall Street is increasingly...

Why Motilal Oswal’s BFSI fund is betting big on capital market ecosystem: Prateek Agarwal of Motilal Oswal AMC

Why Motilal Oswal’s BFSI fund is betting big on capital market ecosystem: Prateek Agarwal of Motilal Oswal AMC

by FeeOnlyNews.com
April 18, 2026
0

In a phase marked by structural shifts within the financial services space, Prateek Agarwal, MD & CEO of Motilal Oswal...

Irdai keeps FY27 cession rate at 4%, backs GIC Re role

Irdai keeps FY27 cession rate at 4%, backs GIC Re role

by FeeOnlyNews.com
April 17, 2026
0

Mumbai: The Insurance Regulatory and Development Authority of India (Irdai) has retained the obligatory cession rate at 4% for FY27,...

White House chief of staff to meet with Anthropic CEO about dangerous new Mythos model, official says

White House chief of staff to meet with Anthropic CEO about dangerous new Mythos model, official says

by FeeOnlyNews.com
April 17, 2026
0

White House chief of staff Susie Wiles plans to sound out Anthropic CEO Dario Amodei about the artificial intelligence company’s...

Oil is back to early war days, S&P 500 jumps to all-time high

Oil is back to early war days, S&P 500 jumps to all-time high

by FeeOnlyNews.com
April 17, 2026
0

Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another...

Next Post
The 10 Best Cities in America for an Affordable Warm-Weather Winter Vacation

The 10 Best Cities in America for an Affordable Warm-Weather Winter Vacation

Tyson Foods (TSN) Q4 2025 adj. earnings beat unexpectedly; sales up 2%

Tyson Foods (TSN) Q4 2025 adj. earnings beat unexpectedly; sales up 2%

  • Trending
  • Comments
  • Latest
Wells Fargo Transfer Partners: What to Know

Wells Fargo Transfer Partners: What to Know

April 16, 2026
The 23 Largest Global Startup Funding Rounds of February 2026 – AlleyWatch

The 23 Largest Global Startup Funding Rounds of February 2026 – AlleyWatch

March 27, 2026
Easter Basket Ideas for Kids

Easter Basket Ideas for Kids

March 23, 2026
LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

LPL’s Mariner Advisor Network deal fuels already hot year for RIA M&A

April 16, 2026
Royal Caribbean, Bank of America Launching New Credit Cards

Royal Caribbean, Bank of America Launching New Credit Cards

March 31, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

March 30, 2026
In Atlanta, Here’s What Your Home Is Really Worth

In Atlanta, Here’s What Your Home Is Really Worth

0
Lubinski to buy 50% stake in SPAR Israel

Lubinski to buy 50% stake in SPAR Israel

0
Digital Currency And The End Of Financial Privacy

Digital Currency And The End Of Financial Privacy

0
Materion Jumps 7.7% Amid Sector-Wide Selling

Materion Jumps 7.7% Amid Sector-Wide Selling

0
Bitcoin and ethereum prices today, Friday, April 17, 2026: Higher prices hold with ceasefire in effect

Bitcoin and ethereum prices today, Friday, April 17, 2026: Higher prices hold with ceasefire in effect

0
Morgan Stanley wealth rides 8B in new assets to revenue record

Morgan Stanley wealth rides $118B in new assets to revenue record

0
HDFC Bank Q4 Results: Net profit rises 9% to Rs 19,221 crore; announces Rs 13 dividend for FY26

HDFC Bank Q4 Results: Net profit rises 9% to Rs 19,221 crore; announces Rs 13 dividend for FY26

April 18, 2026
FSB warns of ‘double or triple whammy’ as private credit threatens markets

FSB warns of ‘double or triple whammy’ as private credit threatens markets

April 18, 2026
Trump’s big housing market solution is dead on arrival, UBS says—it’s Texas from 25 years ago

Trump’s big housing market solution is dead on arrival, UBS says—it’s Texas from 25 years ago

April 18, 2026
There’s a specific kind of person who volunteers the embarrassing story about themselves before anyone else can bring it up, and it isn’t self-deprecation. It’s copyright. If they tell it first, they get to decide what it means.

There’s a specific kind of person who volunteers the embarrassing story about themselves before anyone else can bring it up, and it isn’t self-deprecation. It’s copyright. If they tell it first, they get to decide what it means.

April 18, 2026
Why Motilal Oswal’s BFSI fund is betting big on capital market ecosystem: Prateek Agarwal of Motilal Oswal AMC

Why Motilal Oswal’s BFSI fund is betting big on capital market ecosystem: Prateek Agarwal of Motilal Oswal AMC

April 18, 2026
Central bankers, politicians warn of global risks as Iran war drags on

Central bankers, politicians warn of global risks as Iran war drags on

April 18, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • HDFC Bank Q4 Results: Net profit rises 9% to Rs 19,221 crore; announces Rs 13 dividend for FY26
  • FSB warns of ‘double or triple whammy’ as private credit threatens markets
  • Trump’s big housing market solution is dead on arrival, UBS says—it’s Texas from 25 years ago
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.