TRANSPORT & INFRASTRUCTURE

40 million cubic meters of earth will be excavated in constructing the Gush Dan Metro. Could it be used to build an island off Israel's coast?

Transport Planning Division head Shai Kedem has announced that he will step down.

The company is a developer of fast charging solutions for electric vehicles.

Residents reported disruptions with GPS-based navigation apps like Waze, Moovit and Google Maps, telling users they were in Beirut, likely due to IDF jamming actions.

Israel's car import market recorded a strong fall in the first quarter of 2024, although electric cars grabbed a far bigger market share.

The eight kilometer extension of the light rail Red Line had been scheduled to open in July 2023.

The reform includes free travel for discharged soldiers in their first year after service, 50% discount fares for residents of the geographical periphery, and discounts for those aged 26 and younger.

The Authority is formulating a government decision to remove the project from NTA, which is responsible for building the Tel Aviv light rail system.

Shaul Schneider told the Globes Infrastructures Conference that only 49% of the port's shares would be sold, so control would remain in government hands.

The National Infrastructures Committee has approved construction of the Reindeer Energy Eastern Power Station and expansion of the OPC power station in Hadera.

The Israeli shipping company sees prices rising because of the Houthi crisis, which has increased demand for its services.

Some of the faults on the Tel Aviv area light rail line are teething troubles, but some are a result of deficiencies in planning and execution.

Negotiations are taking place at a valuation of $150-160 million, nearly 80% below taxi hailing app Gett's valuation in its aborted IPO.

NTA projected 238,00 journeys daily for the Red Line, but in the first six months of operation passenger numbers were far lower.

Alstom, Electra and Minrav will build and operate the 41 kilometer line with 20 stations.

The project, which includes Israel, is partly meant to counter China's "Belt and Road" program and the Russia-India "North-South" corridor via Iran.

The tax is due to be imposed from 2026, to compensate for loss of revenue from taxation of fuel. 11.4% of state revenues derive from vehicle taxation.

NTA says that, at this stage, land will be expropriated in the center of the network only for the construction of the M1 and M3 lines.

Affinity Partners, which was founded by Jared Kushner, has raised $2 billion from the sovereign wealth funds of Saudi Arabia, UAE and Qatar.

Due to a big fall in Suez Canal revenue, Egypt has asked the Houthis to focus attacks only on Israeli ships, "Al-Araby Al-Jadeed" reports.

Insurance companies have stopped providing coverage for Israeli, US and UK ships sailing on the Red Sea, CNN and Loadstar have reported.

The decision by COSCO not to visit Israeli ports has boosted the market share of Chinese shipping lines.

The new tax on electric vehicles will be broadened to include plug-in hybrids in 2026. Higher prices for electricity to charge EVs will also be considered.

In a lecture at the Technion, NTA CEO Haim Glick spoke of the Tel Aviv area Metro opening in 2040. The original target date was 2032.

Ami Daniel, CEO of maritime risk monitoring company Windward, says more and more shipping lines are avoiding the risk of sailing to Israel.

Government owned shipping company COSCO would not have decided to stop calling at Israeli ports without direct instructions from Beijing.

Mobileye's ADAS solutions will be implemented in all the brands of "a major Western automaker" from 2026.

MSC informed customers today that it is hiking shipping rates to Israel from $3,500 per 20 cubic feet and $6,000 per 40 cubic feet to $5,000 and $7,000 respectively.

The decision comes despite the low chances of the Houthis attacking a Chinese vessel.

Joshua Hutchinson, CEO of maritime security company Ambrey, gives "Globes" his assessment of the impact of Houthi attacks on shipping.