Israel highIsrael highway franchise deal signedway franchise deal signed

A joint venture comprising Shapir Engineering and Impresa Pizzarotti has been awarded the franchise for Israel’s Highway 16. The deal is worth some US$275.6 million and involves building and operating the route over a 25-year concession. The package of works was awarded to the joint venture by the Israeli Government and the work involves building a 5km link that will join the existing Highway 1 with Jerusalem’s southern and western suburbs. The project also includes building two tunnels and three interchanges and will be handled under the PPP model. Construction is scheduled to commence in 2019 and I expected to take until late 2022 or early 2023 to complete.