subscribe to ENR magazine subscribe
contact us
careers industry jobs
events events
Dodge Data & Analytics
ENR Logo
Web access will be provided
as part of your subscription.

Israel Halts Light-Rail Franchise Over Gaps in Financial Terms

Text size: A A

Israeli officials have terminated a franchise agreement awarded in 2006 to an international engineering-construction consortium to build a $2-billion, 23-kilometer light-rail network in metropolitan Tel Aviv because the owner and its contractors cannot agree on financial terms. The gap between the government’s cost figure and that of the building team’s, comprising firms from Israel, China and Portugal, is said to be around $100 million. Israel also is set to seize $35 million in financial guarantees the consortium had provided. The team already has spent $65 million on the project, and the state has spent close to $250 million on related infrastructure. Israel has said it is considering nationalizing the project and financing it out of the state budget, but the consortium says it will sue if that happens. The project was originally set for completion by 2012.

----- Advertising -----
----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.