No Result
View All Result
  • Login
Tuesday, July 14, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

US, Indian companies bid for Metro tenders

by theadvisertimes.com
1 month ago
in Business
Reading Time: 3 mins read
A A
0
US, Indian companies bid for Metro tenders
Share on FacebookShare on TwitterShare on LInkedIn


The prequalification stage for the Tel Aviv Metropolitan region Metro tenders has ended and NTA Metropolitan Mass Transit has published initial details about the 20 international and Israeli consortia, which include 33 companies, which filed requests to bid in the tender. For the first time there are two US companies (previously US companies have not bid for Israeli infrastructure projects) and nine Indian companies (which until now have not participated in NTA tenders). There were also 11 Israeli companies, six Chinese companies and five from Europe in the prequalification stage.

The results announced today relate to the preliminary selection of the Metro’s Infra 1 phase, which includes the heavy civil engineering work of the project: digging the tunnels, building the underground structure of the stations, and the structures connecting the street surface to the underground station. The tender, worth an estimated NIS 65 billion, includes digging 75 kilometers (out of 150) of double tunnels and 59 underground stations. This is the core section of the M1 line, all of the M2 line, and more than half of the M3 line.

NTA will now examine whether the consortia meet the threshold conditions to access the huge tenders that the company is due to publish by the end of 2026, in which the contractors who will carry out the Metro’s heavy infrastructure work will be selected.

NTA CEO Itamar Ben-Meir said, “The big response to the tender is like an extraordinary international vote of confidence in Israel and the Israeli economy, especially in the political-security reality of recent years. The number of bidders places the Israeli Metro on par with the largest and most sought-after infrastructure projects in the world. The fact that 11 Israeli companies are bidding in the tender is particularly gratifying, because the experience they will gain in the field will serve the country in future projects, which will reduce dependence on foreign companies.”

NTA chairwoman Yodfat Afek-Arazi added, “This is the result of professional and focused effort that has been done over the past year with the world’s leading infrastructure companies. We listened to concerns, removed barriers and presented the magnitude of the opportunity. The fact that 20 consortia chose to compete for the project is a major expression of confidence in the Metro, in the Israeli economy and in our ability to implement the largest infrastructure project in the country’s history. The international market voted with its feet. The result clearly shows that the world is looking at the Metro in Israel and wants to be a part of it. There are no shortcuts in the Metro project. This is a long-distance race. This is a significant milestone, but for us this is just the beginning.”





RELATED ARTICLES




NIS 65b Metro tenders underway


Gov’t Cos Authority recommends splitting NTA


NTA mulls bond issue to finance Metro


Accountant General: Metro will cost more than we think






When Afek-Arazi talks about the focused efforts, she refers, among other things, to the fact that in recent months the company has conducted a global recruitment and advertising campaign. As part of this, delegations went out for face-to-face meetings with dozens of leading infrastructure companies in the world, from East Asia, the US and Europe. Last February, an international conference held by NTA for the Metro project in Gush Dan was also held in Tel Aviv, to present to infrastructure companies the tenders in the first infra phase. The conference was attended by more than 550 participants, including representatives of over 60 international infrastructure companies from some 20 countries, alongside Israeli officials working in the industry.

Minister of Transport Miri Regev said, “This is a tremendous expression of confidence in the economic strength of the State of Israel and in the implementation capabilities of the Ministry of Transport and NTA to carry out the largest project in the country’s history. In these complex times, global companies are choosing to invest, compete and build here and this is no coincidence. The Metro will connect Israel and boost the productivity of the entire economy. NIS 34 billion of socio-economic benefit per year, a million fewer cars on the roads, 2 million passengers per day, this is not a transport project but a social reform that will change the face of the country.”

Ben-Meir believes that digging will begin in 18 months. The Metro network, the first part of which is scheduled to open in 2037, will include three lines, which will connect 24 municipalities, employment zones, educational and medical institutions, and residential centers. In total, the project involves 300 kilometers of tunnels and 109 underground stations. The Metro will handle over 600 million trips per year, and in connection with the light rail network, more than 800 million trips annually.

Published by Globes, Israel business news – en.globes.co.il – on June 3, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: bidCompaniesIndianMetrotenders
ShareTweetShare
Previous Post

Eli Lilly: Pharma-Gigant greift nach der Billionen-Dollar-Krone!

Next Post

10 Top Entry-Level, Remote Careers for New Grads (and Companies Hiring)

Related Posts

Halliburton to deliver drilling services at Suriname’s GranMorgu field

Halliburton to deliver drilling services at Suriname’s GranMorgu field

by theadvisertimes.com
July 14, 2026
0

Halliburton has been awarded contracts to provide integrated drilling and completions services for the GranMorgu deepwater oil development located around...

WISeKey sees 115% H1 revenue growth, maintains FY guidance (WKEY:NASDAQ)

WISeKey sees 115% H1 revenue growth, maintains FY guidance (WKEY:NASDAQ)

by theadvisertimes.com
July 14, 2026
0

WISeKey International (WKEY) reported preliminary unaudited H1 2026 revenue of about $11.4M, up 115% Y/Y, and reaffirmed its FY 2026...

How Adobe’s CMO is preparing for AI-driven brand discovery

How Adobe’s CMO is preparing for AI-driven brand discovery

by theadvisertimes.com
July 14, 2026
0

Inside Fortune 500 boardrooms, chief marketing officers are grappling with a new and uncomfortable reality: the playbook they’ve relied on...

Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

by theadvisertimes.com
July 14, 2026
0

Kedia Securities, backed by ace investor Vijay Kedia, made a fresh entry into smallcap engineering company Eimco Elecon (India) during...

SBI Funds Management IPO to open today. Check brokerages review, GMP, subscription staus and other details

SBI Funds Management IPO to open today. Check brokerages review, GMP, subscription staus and other details

by theadvisertimes.com
July 13, 2026
0

SBI Funds Management, India's largest asset management company, will open its Rs 9,813 crore IPO for subscription on Tuesday. The...

Iran mocks Trump’s reversal on Hormuz charges — ‘20% is of course too much. We will be fair’

Iran mocks Trump’s reversal on Hormuz charges — ‘20% is of course too much. We will be fair’

by theadvisertimes.com
July 13, 2026
0

The U.S. announced a new round of strikes on Iran on Monday, hours after President Donald Trump said Washington is “reinstating” a...

Next Post
10 Top Entry-Level, Remote Careers for New Grads (and Companies Hiring)

10 Top Entry-Level, Remote Careers for New Grads (and Companies Hiring)

ADP jobs report May 2026: Payrolls increase by 122,000

ADP jobs report May 2026: Payrolls increase by 122,000

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
Prime Day, June 2026: How Retailers Competed With Amazon

Prime Day, June 2026: How Retailers Competed With Amazon

June 29, 2026
Halliburton to deliver drilling services at Suriname’s GranMorgu field

Halliburton to deliver drilling services at Suriname’s GranMorgu field

0
Bank earnings: JPMorgan Chase, Goldman Sachs, Bank of America

Bank earnings: JPMorgan Chase, Goldman Sachs, Bank of America

0
Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

0
Crypto exchanges are becoming the new distribution channel for Wall Street assets

Crypto exchanges are becoming the new distribution channel for Wall Street assets

0
These Recalled Bed Rails May Still Be in Homes After Two Reported Deaths

These Recalled Bed Rails May Still Be in Homes After Two Reported Deaths

0
The Nationalization of Credit? | Mises Institute

The Nationalization of Credit? | Mises Institute

0
Halliburton to deliver drilling services at Suriname’s GranMorgu field

Halliburton to deliver drilling services at Suriname’s GranMorgu field

July 14, 2026
Bank earnings: JPMorgan Chase, Goldman Sachs, Bank of America

Bank earnings: JPMorgan Chase, Goldman Sachs, Bank of America

July 14, 2026
9 Stocks With Strong Rebound Potential in the Second Half of 2026

9 Stocks With Strong Rebound Potential in the Second Half of 2026

July 14, 2026
WISeKey sees 115% H1 revenue growth, maintains FY guidance (WKEY:NASDAQ)

WISeKey sees 115% H1 revenue growth, maintains FY guidance (WKEY:NASDAQ)

July 14, 2026
How Adobe’s CMO is preparing for AI-driven brand discovery

How Adobe’s CMO is preparing for AI-driven brand discovery

July 14, 2026
Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month

July 14, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Halliburton to deliver drilling services at Suriname’s GranMorgu field
  • Bank earnings: JPMorgan Chase, Goldman Sachs, Bank of America
  • 9 Stocks With Strong Rebound Potential in the Second Half of 2026
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.