Independent journal on economy and transport policy
08:17 GMT+2
Chinese cos bid lowest for building new ports
(Globes - Israel's Business Arena)
May 12, 2014
Chinese state companies have made the lowest financial bids for constructing the new ports in Haifa and Ashdod, according to sources close to the tender process.
Sources inform “Globes” that the companies, which belong to the Chinese Ministry of Transport, offered to build the South Port in Ashdod for NIS 3.3-3.4 billion, and the Bay Port in Haifa for NIS 3.1-3.2 billion. The official estimate of the Israel Ports Company is NIS 4 billion for each port, so that, on the face of it, the Chinese bid represents a saving of some NIS 1.5 billion ...... Read more on Globes - Israel's Business Arena
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