Israel Risks Exclusion From Saudi Rail Project, Finance Ministry Warns
Translated & summarized from Channel 13 by baba
Israel risks being excluded from the "Peace Railways" project connecting Saudi Arabia to Haifa port due to its political standing. The Finance Ministry is funding a €300,000 OECD study to influence the project's cost-benefit analysis and favor Israel over alternatives. Some believe foreign relations, not economics, will determine Israel's inclusion.
The story in 5 lines · by baba
- Israel may be excluded from the "Peace Railways" project connecting Saudi Arabia to Haifa port.
- The Finance Ministry is funding a €300,000 OECD study to prevent Israel's exclusion.
- The project aims to link Saudi Arabia via rail through Jordan to the port of Haifa.
- Economic cost-benefit analysis is a key factor in the study's objectives.
- Foreign relations are considered a more significant factor than economics by some.
Israel may be excluded from the "Peace Railways" project, which aims to connect Saudi Arabia by rail through Jordan to the port of Haifa, due to its current political situation. Dr. Shmuel Abramzon, the Chief Economist at the Ministry of Finance, issued this warning.
The Ministry of Finance is seeking to fund a €300,000 OECD study in an effort to prevent Israel's exclusion. The goal is to influence the project's cost-benefit analysis, hoping to favor Israel over a Syrian-Turkish alternative.
However, other sources believe that Israel's foreign relations, rather than economic considerations, will be the deciding factor for the participating countries. The project intends to link Saudi Arabia via rail through Jordan to the Israeli port of Haifa.