Israel Railways has published a new tender for tunnels on Modi’in-Jerusalem line.
Ortam Sahar Engineering Ltd. has won a NIS 50 million Israel Railways tender to build the Yoseftal station on the Ayalon line to west Rishon LeZion, which will run along the Holon-Bat Yam border. Construction is scheduled to take 20 months.
Minrav Holdings Ltd. (TASE:MNRV) has won a NIS 130 million tender for building the Yavne railway station and infrastructure work on the Rishon LeZion-Ashdod line. Construction will take 22 months.
Israel Railways has also published a new tender for digging two tunnels on Modi’in-Jerusalem line, after canceling its contract with Hofrei Hasharon Ltd. subsidiary Linom Ltd. last week for violating the contract. Israel Railways has foreclosed a NIS 5 million bank guarantee. The contract was worth NIS 67 million.
The NIS 1.1 billion Ben Gurion Airport-Modi’in line was scheduled to be completed in the second half of 2006. Israel Railways is expected to revise the timetable in wake of the faulty tenders.
Published by Globes [online], Israel business news - www.globes.co.il - on August 14, 2005