Published On: Tue, May 19th, 2015

Arison, Chinese co win TA light rail underground tender

The $765 million tender includes 10 kilometers of tunnels and seven underground stations.

Computer rendering of planned Tel Aviv light rail.

Shikun u’Binui Holdings Ltd. (TASE: SKBN) unit Solel Boneh controlled by Shari Arison and China Railway Tunnel Group (CRTG) have won the huge tender to build the tunnels and underground stations in the western section of the Tel Aviv light rail’s red line. The award was announced today by the tenders committee NTA Metropolitan Mass Transit System Ltd. This tender is worth NIS 2. 9 billion and is the largest tender in the project … [READ MORE]

Published by Globes [online], Israel business news –

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