No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, September 16, 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

Rishon Lezion to finance Red Line light rail extension

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
Rishon Lezion to finance Red Line light rail extension
Share on FacebookShare on TwitterShare on LInkedIn


“Globes” can reveal that following the cancelation of the huge park and ride car park planned at the Morasha Interchange northeast of Tel Aviv, the Ministry of Transport will finance the Tel Aviv Metropolitan region light rail Red Line southern extension from Bat Yam to Rishon Lezion. In an unprecedented development, the Rishon Lezion Municipality will also help finance the project through marketing land.

As early as 2020, Minister of Transport Miri Regev, in her first term in office, promised to extend the Red Line to Rishon Lezion. Top officials at the Ministries of Transport and Finance also supported the project because of the high demand predicted for it. Two years later, during the term of Merav Michaeli as Minister of Transport, NIS 100 million was allocated to extend the line by four stations to the Moshe Dayan interchange, where a transport hub will be built. Then, at the beginning of Regev’s current term, the budget was diverted to road construction.

Another NIS 1.5 billion

As part of the planning, a depot, maintenance center, and train parking complex will be built underground. Above the depot, the municipality will market land and will participate in financing the line. Until now local authorities have not financed national projects in their jurisdiction. Industry estimates are that, in addition to government funding of NIS 1.5 billion for the construction of the line, the municipality will add between NIS 700 million and NIS 1.5 billion from marketing the land.

The municipality’s participation in the project has almost no precedent in Israel. The mayor of Ramat Hasharon also proposed participating in the construction of a railway station in his city through the marketing of land, but the station in question has no economic justification, unlike the Red Line extension to Rishon LeZion.

The agreements, which should be reached in the coming weeks, follow harsh criticism of the Ministry of Transport by Rishon Lezion Mayor Raz Kinstlich. He told the municipal corporations conference earlier this month, “The Red Line should have been extended from Bat Yam to Rishon LeZion, but in a decision that no one in the Ministry of Transport understands, they decided to stop it,”

He added, “We announced that we would stop land marketing. If there is no Red Line, no permits will be issued and no marketing will be allowed because it is simply impossible without mass transportation. I hope they will be wise and understand that real solutions need to be provided for transportation and not promise the heads of authorities a road here and a road there to make them smile.”





RELATED ARTICLES




Israeli commuters impose 45 minute limit


Public transport fare reform won’t improve public transport


Proximity to Tel Aviv Red Line pushes up housing prices


Egged wins tender to operate TA light rail Purple, Green Lines






But now that the Morasha Interchange park and ride car park on Road 5 has been cancelled, the budget for that project is being transferred to pay for the Red Line extension.

The Rishon Lezion Municipality said, “We see the Red Line as one of the most important tasks for the future and development of the city. The depot in its original form was supposed to be above ground, but today in every civilized country in the world the depot is underground. After countless meetings between the municipality, the Ministry of Finance and NTA, a solution was found to sink the depot below ground and add construction. The cost of the underground depot is estimated at many millions of shekels, and the municipality will allow a division of the revenues from these lots between itself and the State of Israel, for an additional station in close proximity to the Elef complex, excavations for the depot, and extending the Red Line.”

Published by Globes, Israel business news – en.globes.co.il – on April 23, 2025.

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




Source link

Tags: extensionfinanceLezionLightLinerailredRishon
ShareTweetShare
Previous Post

Block Earner Wins Appeal: Court Dismisses Need for Financial Services Licence

Next Post

Berkshire Hathaway – BRK B: Warren Buffet mit 318 Mrd. USD Cash!

Related Posts

edit post
Israel Business Forum slams Netanyahu’s “Sparta speech”

Israel Business Forum slams Netanyahu’s “Sparta speech”

by TheAdviserMagazine
September 16, 2025
0

The Israel Business Forum, which brings together the heads of some 200 leading Israeli companies, published a response this...

edit post
Gold prices hold close to record at Rs 1,10,177/10 gms. Will Fed meet push it even higher this week?

Gold prices hold close to record at Rs 1,10,177/10 gms. Will Fed meet push it even higher this week?

by TheAdviserMagazine
September 16, 2025
0

Gold prices (October futures contracts at MCX) held firm at Rs 1,10,177 per 10 grams on the MCX October futures...

edit post
Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

by TheAdviserMagazine
September 15, 2025
0

Oil prices held steady in early trade on Tuesday after rising in the previous session, as market participants contemplated potential...

edit post
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

by TheAdviserMagazine
September 15, 2025
0

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her...

edit post
Senate confirms Miran as Fed governor right before policy meeting

Senate confirms Miran as Fed governor right before policy meeting

by TheAdviserMagazine
September 15, 2025
0

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing...

edit post
Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

by TheAdviserMagazine
September 15, 2025
0

Gov. Kathy Hochul on Sunday urged New Yorkers to vote Zohran Mamdani for mayor of New York City, giving the Democratic nominee one of...

Next Post
edit post
Berkshire Hathaway – BRK B: Warren Buffet mit 318 Mrd. USD Cash!

Berkshire Hathaway – BRK B: Warren Buffet mit 318 Mrd. USD Cash!

edit post
Elon Musk was supposed to work in government as a special employee for 130 days. He just pledged to spend ‘a day or two’ per week for the remainder of Trump’s 4-year term

Elon Musk was supposed to work in government as a special employee for 130 days. He just pledged to spend ‘a day or two’ per week for the remainder of Trump’s 4-year term

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
Decluttering Challenge – Day 9 & 10 (the toy room + my car)

Decluttering Challenge – Day 9 & 10 (the toy room + my car)

0
edit post
German Agri-PV solutions provider feld.energy bags €10M

German Agri-PV solutions provider feld.energy bags €10M

0
edit post
9 S&P 500 Dividend Gems Poised to Outperform in a Potential Post-Fed Rally

9 S&P 500 Dividend Gems Poised to Outperform in a Potential Post-Fed Rally

0
edit post
Advisor’s guide to managing client pessimism in bull market

Advisor’s guide to managing client pessimism in bull market

0
edit post
Israel Business Forum slams Netanyahu’s “Sparta speech”

Israel Business Forum slams Netanyahu’s “Sparta speech”

0
edit post
Is CDW Stock Underperforming the Nasdaq?

Is CDW Stock Underperforming the Nasdaq?

0
edit post
9 S&P 500 Dividend Gems Poised to Outperform in a Potential Post-Fed Rally

9 S&P 500 Dividend Gems Poised to Outperform in a Potential Post-Fed Rally

September 16, 2025
edit post
Israel Business Forum slams Netanyahu’s “Sparta speech”

Israel Business Forum slams Netanyahu’s “Sparta speech”

September 16, 2025
edit post
BlackRock Ethereum ETF Sees Record 80,768 ETH Inflow After Huge Sell-Off Week

BlackRock Ethereum ETF Sees Record 80,768 ETH Inflow After Huge Sell-Off Week

September 16, 2025
edit post
Gold prices hold close to record at Rs 1,10,177/10 gms. Will Fed meet push it even higher this week?

Gold prices hold close to record at Rs 1,10,177/10 gms. Will Fed meet push it even higher this week?

September 16, 2025
edit post
Automated Investing Made Simple | Intuit TurboTax Blog

Automated Investing Made Simple | Intuit TurboTax Blog

September 15, 2025
edit post
Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

September 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

  • 9 S&P 500 Dividend Gems Poised to Outperform in a Potential Post-Fed Rally
  • Israel Business Forum slams Netanyahu’s “Sparta speech”
  • BlackRock Ethereum ETF Sees Record 80,768 ETH Inflow After Huge Sell-Off Week
  • 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.