Seven companies have entered the prequalification (PQ) stage of the tender to build the northern extension of the Road 6 (Cross-Israel Highway or Yitzhak Rabin Highway) toll road. The estimated cost of the project is several hundred million shekels, and is part of the NIS 27.5 billion Netivei Israel project.
The bidders are as follows:
- India's Larsen and Toubro Ltd. (BSE: 500510);
- Africa-Israel Investments Ltd. (TASE:AFIL) with Shikun u'Binui Holdings Ltd. (TASE: SKBN) unit Shikun u'Binui Solel Boneh Building and Infrastructure Ltd.;
- Shafir Civil and Marine Engineering Ltd.;
- Minrav Holdings Ltd. (TASE: MNRV);
- Ashtrom Properties Ltd. (TASE:ASPR);
- Electra Ltd. (TASE: ELTR) with Gili and Yoel Azaria Ltd.
The BOT tender is for the construction of two contiguous sections of Road 6 (sections 7 and 13), and maintaining them for 25 years. At Yokne'am, the present northern terminus of Road 6, it will split into two directions. The current tender is for the western fork, which will run from Ein Tut Junction via Tel Kashish Junction to Somekh Junction in the Western Galilee. The 20-kilometer section will include a four-kilometer tunnel.
The bids will be examined by a joint committee Ministry of Finance and Ministry of Transport, together with the Cross Israel Highway Company Ltd. The committee is due to announce which companies passed the PQ stage by the end of September.
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