Northern Israel light-rail project obtains finance
Summary
The main public transport project in the north of Israel is moving to the execution stage. The consortium consisting of Electra, Minrav, and Alstom has signed a financing agreement with a consortium of banks led by Bank Leumi for the Nofit light-rail line that will link Haifa, Nof Hagalil, and Nazareth. The bank finance amounts to NIS 4.6 billion for the construction stage and NIS 5 billion for the operating stage.