Israel can obtain a financing from the European Investment Bank (EIB) which is currently assessing the Tel Aviv Green LRT. EUR 250 million is the proposed EIB finance of the total eligible cost of EUR 1.3 billion.
The project concerns the design, finance, construction and maintenance of the city’s LRT Green Line which will have a length of 39 km, with 4.5 km underground, and will have 62 stations, with 4 being underground. The new line will connect four cities. Tel Aviv will be served by 33 stations and Holon by 20 stops, while in Herzliya, the line will have 5 stops and in Rishon LeTsiyon 4 stations. In addition, in Herzliya is currently being constructed a
The line will run on north – south axis linking Holon and Rishon Lezion, in the the Gush Dan metropolitan area, with the centre of Tel Aviv, the university as well as western Herzliya, an industrial and business area and Kiryat Atidim area, a business location.
Tel Aviv Green LRT is expected to enter operation in 2028 with a daily ridership of 275,000 passengers and in 2030 would transport 76 million passengers.
In May 2022, the NTA Metropolitan Mass Transit System Ltd awarded the TMT Consortium the PPP contract worth EUR 2.6 billion to design, build, operate, maintain and finance the new line. The consortium comprises Alstom, Dan Public Transportation, a bus transport operator, and Electra Israeli infrastructure construction company. Alstom’s share worth EUR 858 million and involves the design, engineering, supply, integration, testing and commissioning, the maintenance of the system and supply of 98 Citadis XO5 trams.
The new light rail line is essential for city’s public transport development and is part of Israel’s Transport Investment Plan which also includes the construction of the 27 km Purple LRT to be served by 43 stations. The line will connect six cities in Tel Aviv metropolitan area. In 2022, a EUR 1 billion contract was awarded to a consortium of CAF and Shapir construction company.
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