Independent journal on economy and transport policy
02:18 GMT+2
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The Israeli Government Companies Authority starts the procedure of privatization of the port of Eilat
The offers will have to be correspondents within on 19 May
April 4, 2011
The Israeli Government Companies Authority (GAC) has inaugurated today the procedure of privatization of the port of Eilat with the start of the period of six 19 weeks that will expire next the May during which they could be introduced offered for the acquisition of the entire capital stock of the Eilat Port Company Ltd., the society that manages the port of call, than currently is stopped by the Israeli State ( on 7 December 2010).
To conclusion of the procedure the street safety and Ministry of Transportation, together with the ministry of Finances, will grant to the Eilat Port Company an extension of the authorization (concession) to operate the terminals of the port of the ulterior duration 15-year-old with option for nine years and 11 months.
According to the forecasts, the winner of the contest will be announced the next september and the privatization will be put into effect in 2012.
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