Israeli public transport company Kavim has joined forces with Deutsche Bahn and Connect Jerusalem Light Rail Train (LRT) in order to compete for the operation of the Tel Aviv light rail Red Line. Kavim will own 50.1% of the new group, Deutsche Bahn 34%, and Connect Jerusalem 15.9%.
In addition to this consortia, it was also reported that Dan Public Transportation would complete in the tender jointly with SNCF and Beijing Subway. Dan and SNCF, which are also partners in the Metronit project in Haifa, will have a 49.9% joint stake in the group, while Beijing Subway will have 50.1%.
The tender to operate the light rail Red Line was renewed in December 2017, after having been frozen for several months. NTA Metropolitan Mass Transit System received requests to reduce the minimum holding by foreign partners from 51% to 30%. The groups must file their bids by March 23.
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