Government Approves $570,000 Bonus for Cross-Israel Highway Executives
The Government Companies Authority has approved bonuses totaling NIS 2.14 million (approximately $570,000) for 28 senior executives at Cross-Israel Highway Company, for the company's 2025 profits. This amount is slightly higher than the NIS 2.12 million approved for executives in 2024. The bonuses are awarded based on performance and meeting targets, in accordance with established principles for senior executive compensation in government companies. The CEO's salary is NIS 44,600 per month.
Other transportation companies have also received similar bonuses, including Netivei Ayalon (NIS 3.3 million), Netivei Israel (NIS 5.4 million), and Israel Railways (NIS 5.5 million). This comes as the Government Companies Authority is pushing for a merger of Cross-Israel Highway Company into Netivei Israel. A proposal was recently submitted to Cross-Israel Highway Company's management for review, which would see new projects no longer assigned to Cross-Israel Highway Company upon completion of the merger. Active public transportation and urban road projects would be transferred to Netivei Ayalon, while other operations, including rail projects, would go to Netivei Israel.
Cross-Israel Highway Company, a government execution arm, manages projects worth NIS 1.3 billion and reported a net profit of NIS 1.16 million. The article also briefly mentions new appointments to the Israel Railways board and the upcoming opening of a new lane on the Ayalon Highway.
