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Six Groups Have Passed the Prequalification Stage in the Tender for Execution of the Cross Israel Northern Highway (Sections 3 and 7)

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Thursday, March 1st, 2012

On February 1, the Inter-ministerial Tender Committee for Execution of the Cross Israel Northern Highway: Sections 3 and 7 (Yokne’am-Somech) reported that six groups have passed the prequalification stage in the tender

The tender is for a Build-Operate-Transfer (BOT) project for the financing, construction, operation and maintenance of a toll road, similar to the existing sections of the Cross Israel Highway, and for the transfer of the project to the State at the end of the concession period. The project includes two sections:

Section 7: Approximately 6 kilometers from the planned interchange on the outskirts of Yokne’am to the Tel Kashish interchange.

Section 3: Approximately 4 kilometers between the Tel Kashish and Somech interchanges.

The project includes a significant tunnel component for a total length of approximately 4 kilometers.

Seven groups bid in the prequalification process and were evaluated by the Inter-ministerial Tender Committee. One group withdrew during the bid evaluation process, and the remaining six groups were found to comply with the prequalification conditions. The bidders included four local groups, some in cooperation with international tunneling contractors, and two groups consisting, among others, of international companies and leaders in their field. This fact demonstrates the attractiveness of the tender and the favorable reputation gained in recent years by public-private partnership tenders.

The members of the Inter-ministerial Tender Committee are representatives of the Ministry of Finance, the Ministry of Transport and Road Safety and the responsible authority – the Cross Israel Highway Company. The committee’s composition reflects the great advantage to be found in cooperation among all the relevant government entities that have accumulated experience in BOT transportation tenders.

The Tender Committee is expected to publish the tender documents in the course of the coming month.

For the full press release, see:

http://isra.li/mof_pr