Kfar Giladi Quarries Wins Northern Israel Quarry Tender for $130 Million
Translated & summarized from Maariv by baba
Kfar Giladi Quarries won a 24-year tender to operate the Qedarim quarry in the Galilee for 542 million shekels, with an estimated 40 million tons of reserves. The company will invest tens of millions of shekels to renovate the site, which is expected to produce 1.5 to 2 million tons annually. This operation will supply raw materials for northern Israel's infrastructure development and replace the company's Amiad quarry.
The story in 5 lines · by baba
- Kfar Giladi Quarries won a 24-year tender for the Qedarim quarry in the Galilee for 542 million shekels.
- The Qedarim quarry has estimated reserves of 40 million tons and is expected to produce 1.5 to 2 million tons annually.
- The company will invest tens of millions of shekels to renovate and modernize the quarry.
- The quarry will supply raw materials for significant infrastructure development projects in northern Israel.
- The operation will create jobs and support local suppliers and contractors in the region.
Kfar Giladi Quarries has secured a 24-year tender to operate the Qedarim quarry in the Galilee, a deal valued at 542 million shekels (approximately $130 million). The site holds an estimated 40 million tons of reserves. The company plans to invest tens of millions of shekels in renovating the quarry, which is located on Highway 85 in the heart of the Galilee and will supply raw materials to northern Israel.
Following the completion of establishment and adaptation work, the quarry's annual output is projected to reach 1.5 to 2 million tons. In its initial years, Kfar Giladi Quarries will invest significantly in modernizing the site and implementing new technologies. Approximately 20 employees are expected to work at the quarry, in addition to local suppliers, contractors, and service providers.
The operation of the new Qedarim quarry will enable the company to continue supplying its existing customers and expand its reach to new ones. This move aligns with development plans for infrastructure in northern Israel, including the northern extension of Highway 6, railway and road system upgrades, projects for building protected spaces and reinforcing structures, and initiatives for rehabilitating and developing northern communities.
Kfar Giladi Quarries stated that quarries are essential infrastructure for construction and development, and the company is committed to operating them professionally and with high quality. The investment in Qedarim is part of the company's preparation for operating the site and transitioning operations from its Amiad quarry.
