No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, November 15, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

NIS 65b Metro tenders underway

by TheAdviserMagazine
5 days ago
in Business
Reading Time: 3 mins read
A A
NIS 65b Metro tenders underway
Share on FacebookShare on TwitterShare on LInkedIn


The Metro tenders, amounting to at least NIS 65 billion, get underway today. The stage published today is the pre-qualification stage for the excavation of 150 kilometers of double tunnels under 24 local authorities in Gush Dan.

Companies and consortia that pass the pre-qualification stage will become part of a pool of contractors for the first stage of the project, consisting of 78 kilometers of tunnels and 59 underground stations.

Next year, the construction tenders will be published, inviting bids for eleven parcels of work. Each consortium admitted to the pool will be able to bid.

The first round of tenders will focus on the sections of the inner ring of the three Metro lines, which will form a broad network of connections and yield the main economic benefit of the project.

According to NTA Metropolitan Mass Transit CEO Itamar Ben-Meir, the excavation work will require 20 TBMs (tunnel boring machines) to remove 40 million cubic meters of earth. Lining the tunnels will require 1.25 million segments, and the works will employ over 16,000 experts and workers, most of whom will come from overseas.

The pre-qualification process is intended to identify Israeli and international companies “with proven experience in excavation and construction of tunnels and underground stations, with a view to their participation in the planning and execution of stage A of the Metro project. Companies will be able to compete in the process independently as individual companies or to combine in consortia of up to three partners each.”

As previously reported by “Globes”, because of the war and its impact on the preparedness of international companies to work in Israel, NTA has devised a “permeable” tenders process, whereby, in a year’s time, additional consortia will be able to bid to join the pool of contractors, but first preference will be given to those companies that enter the process now.

Last week, a delegation led by Ben-Meir returned to Israel from a visit to South Korea where an effort was made to interest companies that have not worked in Israel up to now in bidding in the tenders. A previous NTA delegation visited India. The attempt to open up the tender to companies new to Israel stems from the understanding that the Israeli infrastructure companies do not have the capacity to cope with the huge scope of the works, while there is no clear directive on engaging Chinese companies in the light of the diplomatic tension over the matter, and the coolness towards Israel of European companies.





RELATED ARTICLES




European hostility could jeopardize Metro




NTA sees further delay in Metro launch


Light rail boosts Jaffa home prices


Tel Aviv light rail still underused






Besides the visits of the NTA delegations, the timing of the tender process also arises from the hope that with the end of the war companies that previously hesitated to come to work in Israel because of political pressure will now be prepared to do so, and benefit from a developed market that is on the move, as this is an unusually large project even by international standards.

Altogether, the Metro will have 109 underground stations, and passengers are expected to make 600 million journeys on it annually, rising to 800 million once it is connected to the Light Rail network. NTA stresses that work has already started on the Rishonim depot on the M1 line, the Segula depot in Petah Tikva and the Golda Meir depot in Holon on the M2 line, and the Yigal Alon depot in Or Yehuda on the M3 line.

“Beyond the transport solution for Gush Dan, the Metro will be an economic engine creating thousands of jobs that will encourage urban renewal for residential areas and businesses along its length. According to an economic study, the Metro will save the economy over NIS 34 billion annually,” NTA says.

The Metro does still face significant challenges. After postponements, the first stage is due to open between 2037 and 2042, but this is still a very ambitious timetable. Last month, Uzi Itzhaki resigned as head of the National Metro Authority after only five months. The authority is a government body meant to remove government and other obstacles so that NTA can carry out the work swiftly and efficiently.

Then there is the sourcing of the cement, the manufacture of the concrete panels that will line the tunnels, and the disposal of huge quantities of earth and sand. The leaders of the project will have to deal with all these things, not to mention politicians, local authorities, and lack of coordination between entities responsible for infrastructure in the country.

Published by Globes, Israel business news – en.globes.co.il – on November 10, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: 65BMetroNIStendersUnderway
ShareTweetShare
Previous Post

Hiring Advisory Firm Employees For The Long Term: How To (Efficiently) Screen For The Right Culture Fit

Next Post

Hain Celestial to cut 30% of North America SKUs under turnaround

Related Posts

edit post
Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

by TheAdviserMagazine
November 15, 2025
0

Bitcoin (CRYPTO: BTC) has descended further into a bear market. The digital token’s price has seen a 22% drop from...

edit post
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

by TheAdviserMagazine
November 15, 2025
0

Wall Street has been consumed for months with fears that the artificial intelligence boom is actually a bubble about to...

edit post
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

by TheAdviserMagazine
November 15, 2025
0

WASHINGTON: MAGA supremo Donald Trump on Friday unloaded on a one-time loyalist lawmaker after she broke ranks and mutinied on...

edit post
Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

by TheAdviserMagazine
November 15, 2025
0

Just like the president who came before him, Trump is trying to sell the country on his plans to create...

edit post
Vanguard reveals what could be coming for US stocks. Here’s why it’s raising alarm bells for retirees

Vanguard reveals what could be coming for US stocks. Here’s why it’s raising alarm bells for retirees

by TheAdviserMagazine
November 15, 2025
0

seventyfourimages/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Vanguard pioneered the...

edit post
Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin slump won’t sway him, bets on “The Big Print” boosting gold, silver, crypto

Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin slump won’t sway him, bets on “The Big Print” boosting gold, silver, crypto

by TheAdviserMagazine
November 15, 2025
0

Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, has weighed in on the recent volatility across global markets, including...

Next Post
edit post
Hain Celestial to cut 30% of North America SKUs under turnaround

Hain Celestial to cut 30% of North America SKUs under turnaround

edit post
Tyson Foods (TSN) Q4 2025 adj. earnings beat unexpectedly; sales up 2%

Tyson Foods (TSN) Q4 2025 adj. earnings beat unexpectedly; sales up 2%

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
Coinbase Heads to Texas, Leaving Delaware’s Legal Risks Behind

Coinbase Heads to Texas, Leaving Delaware’s Legal Risks Behind

0
edit post
Can Your Smart Home Betray You? Security Experts Sound the Alarm

Can Your Smart Home Betray You? Security Experts Sound the Alarm

0
edit post
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

0
edit post
How Tariffs Could Accelerate America’s AI Revolution: Implications for Investors

How Tariffs Could Accelerate America’s AI Revolution: Implications for Investors

0
edit post
Legal Requirements for a Valid Will in North Carolina

Legal Requirements for a Valid Will in North Carolina

0
edit post
Estee Lauder’s (EL) Beauty Reimagined strategy is paying off, a few points to note

Estee Lauder’s (EL) Beauty Reimagined strategy is paying off, a few points to note

0
edit post
Can Your Smart Home Betray You? Security Experts Sound the Alarm

Can Your Smart Home Betray You? Security Experts Sound the Alarm

November 15, 2025
edit post
Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing

November 15, 2025
edit post
Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet

November 15, 2025
edit post
How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

How Did The Dogecoin Price React To Elon Musk’s Latest Dog Post?

November 15, 2025
edit post
Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

Make America Grate Again: Trump vs MTG in epic MAGA maelstrom after she tries to maim H-1B visas

November 15, 2025
edit post
Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

Trump is sounding ‘weirdly, eerily similar’ to Biden by trying to play down inflation, economist says

November 15, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Can Your Smart Home Betray You? Security Experts Sound the Alarm
  • Bitcoin Tumbles Deeper Into Bear Territory, Hard-Won Rally Could Be On Verge Of Vanishing
  • Despite AI bubble fears, Warren Buffett’s Berkshire Hathaway buys shares of hyperscaler Alphabet
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.