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19 Consortia Advance in Bidding for Israel's NIS 65 Billion Metro Project
NTA Metropolitan Mass Transit System has announced the pre-qualification results for the Gush Dan metro project's civil engineering tenders, valued at approximately 65 billion shekels (about $17 billion). The selection allows the qualified consortia to proceed to the bidding stage for the first phase of construction, known as INFRA 1, which includes tunneling, stations, and depots.
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What happened
- 01NTA has pre-qualified international and Israeli consortia for the Gush Dan metro's 65 billion shekel civil engineering tenders.
- 02The INFRA 1 tenders cover 75 kilometers of twin tunnels and 59 underground stations for lines M1, M2, and part of M3.
- 03Major Israeli firms advancing to the bidding stage include Electra, Danya Cebus, Shapir, Ashtrom, and Solel Boneh.
- 04Qualified foreign bidders include companies from India, the United States, Greece, South Korea, France, and China.
- 05The total value of the metro project, including the INFRA 2 operating systems phase, is estimated at 95 billion shekels.
- 06Heavy construction is scheduled to begin between 2028 and 2030, with full operation targeted for 2037.
According to Globes, 19 international consortia comprising 31 companies qualified for the tenders, while Calcalist and NEWSru Israel reported that 20 consortia qualified. The participating groups include major Israeli firms such as Electra, Danya Cebus, Shapir, Ashtrom, and Solel Boneh, alongside international companies from India, the United States, Greece, South Korea, France, and China. NEWSru Israel noted that Chinese groups were admitted to the process despite pressure from Washington.
The INFRA 1 tenders cover the construction of 75 kilometers of twin tunnels and 59 underground stations across lines M1, M2, and part of M3. A second phase of tenders for operating systems, INFRA 2, is valued between 30 billion shekels and 7.8 billion dollars, bringing the total estimated cost of the project to approximately 95 billion shekels. Heavy construction is scheduled to begin in 2028, according to Calcalist and NEWSru Israel, or 2030, according to Globes, with a phased opening starting in the mid-2030s and full operation targeted for 2037.
Summarized by baba from the reports of 3 newsrooms. Updated
Latest report: TheMarker. Read TheMarker’s originalThe coverage
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