Israel planning $15bn of PPPs

The Government of Israel has announced a $35bn pipeline of infrastructure projects with PPPs set to play a crucial role.

The Government of Israel has announced a $35bn pipeline of infrastructure projects with PPPs set to play a crucial role.

Finance Minister Avigdor Lieberman has announced that Israel is set to embark on a $15bn pipeline of PPPs as part of the 26-project pipeline.

Although various projects will be pursued using the model, the minister said that transport, energy, water and civil buildings will be targeted by the push, with light-rail projects in Tel Aviv and Beersheba and a new airport likely to feature.

Once the state budget passes, progress on the projects will begin “immediately”, said Lieberman, promising some of the projects “next year, or in 2023”.

Israel has dabbled with PPPs for large scale transit projects in the past, including reaching financial close on the Jerusalem Light Rail project last year and tendering a handful of projects including other light rail PPPs.