Oron Group Wins $545 Million Contract to Upgrade Israel's Busy Highway 4 with Two New Interchanges

Oron Holdings and Investments has secured two contracts from Netivei Israel to upgrade Highway 4, one of Israel's busiest traffic arteries, with a combined budget of approximately 545 million shekels. The projects involve constructing two new interchanges and adding dedicated public transportation lanes to ease congestion along the route connecting the Sharon region, central Israel, and the south.

The first project, valued at about 387 million shekels, covers a six-kilometer stretch between Ramot HaShavim and Beit Zera. It includes building a new interchange at Ra'anana Junction, upgrading the Kfar Saba North interchange, and adding public transit lanes. This phase is expected to take around 79 months for planning and execution.

The second project, costing roughly 157.5 million shekels, focuses on constructing an interchange at Pardesiya Junction and laying public transportation lanes over an additional four kilometers. This stage is projected to last about 57 months.

Netivei Israel anticipates that these upgrades will improve separation between private vehicles and public transit, increasing the highway's capacity. However, transportation experts warn of significant traffic congestion during the construction period. Oron Infrastructure and Construction CEO Shaul Tzuk stated that these wins continue the company's momentum in infrastructure development.