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Israel Signs $7.4 Billion Deal to Boost Public Bus Ridership
Israel's National Public Transport Authority signed a NIS 28 billion agreement with bus operators to incentivize increased ridership by changing payment models. The deal extends concessions by four years for companies meeting service goals and aims to boost competition by excluding major players like Egged and Dan.
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What happened
- 01Israel's National Public Transport Authority signed a NIS 28 billion deal with bus operators.
- 02The agreement incentivizes operators to increase passenger numbers by changing payment models.
- 03Concession periods for participating companies will be extended by four years, pending performance.
- 04Major operators Egged and Dan are excluded from the new regulatory agreement.
- 05The deal aims to improve service and address the ongoing public transport crisis.
This initiative seeks to address the ongoing public transport crisis characterized by congestion and service issues.
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