.jpg)
Cross Israel Highway heading north - amendment to DEC concession
Posted on Tue, 2007-06-26 20:19
Derech Eretz Consortium (DEC) has negotiated a northward extension of their concession for the Cross Israel Highway (CIH). DEC will finance construction of an extra 18km (11 miles) northward from the present terminus of the CIH, taking it closer to Haifa and the Galillee. The segment is called Section 18 of the project an is estimated to cost $210m.
Under the terms of the concession the Israeli government will provide some of the completed engineering work plus a grant of $9m. The rest will be financed by the concessionaire.
Aecon, formerly Canadian Highways is cashing in some of its investment in the concession, and won't be building this segment.
CIH does well, performing pretty much to forecasts at 86k vehicles/day now. The last year, the third, since opening, saw traffic increase about 18%.
BACKGROUND: The Cross Israel Highway also known as Highway 6 is a 2x2 lane expressway 86km (53 miles) long, going north-south but unlike earlier such highways it is inland - skirting the boundary of the West Bank in places. It goes from near Ben Gurion Airport on the southeast fringe of the Tel Aviv area nearly to Haifa in the north.
It was the first tollroad built in Israel. It uses Raytheon toll technology, very similar to 407ETR in Toronto with cashless open road tolling. Transponders are ASTMv6 US truck standard transponders, active and in the 915MHz band. License plate readers serve motorists without a transponder.
see http://www.kvish6.co.il/asp/project/english.html
TOLLROADSnews 2007-06-26
Derech Eretz Consortium (DEC) has negotiated a northward extension of their concession for the Cross Israel Highway (CIH). DEC will finance construction of an extra 18km (11 miles) northward from the present terminus of the CIH, taking it closer to Haifa and the Galillee. The segment is called Section 18 of the project an is estimated to cost $210m. Under the terms of the concession the Israeli government will provide some of the completed engineering work plus a grant of $9m. The rest will be financed by the concessionaire.
Aecon, formerly Canadian Highways is cashing in some of its investment in the concession, and won't be building this segment.
CIH does well, performing pretty much to forecasts at 86k vehicles/day now. The last year, the third, since opening, saw traffic increase about 18%.
BACKGROUND: The Cross Israel Highway also known as Highway 6 is a 2x2 lane expressway 86km (53 miles) long, going north-south but unlike earlier such highways it is inland - skirting the boundary of the West Bank in places. It goes from near Ben Gurion Airport on the southeast fringe of the Tel Aviv area nearly to Haifa in the north.It was the first tollroad built in Israel. It uses Raytheon toll technology, very similar to 407ETR in Toronto with cashless open road tolling. Transponders are ASTMv6 US truck standard transponders, active and in the 915MHz band. License plate readers serve motorists without a transponder.
see http://www.kvish6.co.il/asp/project/english.html
TOLLROADSnews 2007-06-26
