19 Consortia Advance in Bidding for Israel's NIS 65 Billion Metro Project
Translated & summarized from TheMarker by baba
Nineteen consortia of 31 companies from five countries have advanced in the bidding process for Israel's new metro system tenders, valued at NIS 65 billion. The companies will compete for contracts to excavate 11 sections and build 59 underground stations in the Gush Dan area. The total cost of the metro project is estimated at NIS 180 billion, with the first tender expected in early 2027.
The story in 6 lines · by baba
- 19 consortia comprising 31 companies will bid on Israel's new metro project tenders.
- The initial tenders for the metro project are valued at NIS 65 billion.
- Companies from India, the US, China, Europe, and Israel are involved.
- The project includes excavation of 11 sections and construction of 59 underground stations.
- The total estimated cost for the metro system is NIS 180 billion.
- The first tender is anticipated in early 2027.
Israel's state-owned public transport authority, NTA (Netivei Tahanot Taanot), announced on Wednesday that 19 consortia, comprising 31 companies from India, the United States, China, Europe, and Israel, have passed the initial stage for bidding on the first major tenders for the country's new metro system. These successful groups will be eligible to compete for contracts covering the excavation of 11 sections and the construction of 59 underground stations across the Gush Dan region.
The overall cost of the massive metro project is estimated at NIS 180 billion. The first tender for this undertaking is expected to be published in early 2027.
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