Economy · Full coverage
Electra, Menarv, and Alstom Secure $9.6 Billion Funding for Haifa-Nazareth Light Rail Project
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
By חופית כהן אולאי
First reported by Globes · Jul 28, 2026
What happened
Electra, Menarv, and Alstom have finalized a 9.6 billion shekel financing deal for the Haifa-Nazareth light rail project, enabling full construction to begin. The 41-kilometer line will connect Haifa with Nazareth and surrounding areas, serving an estimated 100,000 daily passengers and operating under a 20-year public-private partnership.
- 01Electra, Menarv, and Alstom secured 9.6 billion shekels for Haifa-Nazareth light rail financing.
- 02Funding includes 4.6 billion shekels for construction and 5 billion for operation and maintenance.
- 03The 41-kilometer line will have 20 stations connecting Haifa, Nazareth, and northern towns.
- 04Electra and Menarv handle civil works; Alstom leads rail systems and rolling stock.
- 05The project is a public-private partnership with a 20-year operation and maintenance plan.
- 06The line aims to serve 100,000 passengers daily and reduce road congestion in northern Israel.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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