The Tel Aviv Purple Line light rail PPP has reached financial close (FC).
The city’s NTA Metropolitan Mass Transit Systems authority selected CAF & Shapir as the winner of the project last year.
Under the plans, a 45 station, 27km line running from central Tel Aviv to neighbouring city Yehud-Monoson will be delivered under a 25-year PPP.
HSBC and Bank Leumi Le Israel have agreed to provide financing, which will incorporate green financing principles, and has also involved Spanish export credit agency CESCE.
Minister of Transportation and Road Safety, Brigadier General Miri Regev, said that it is “exciting and encouraging to see these days that leading international financial entities have found the light rail in Gush Dan to be a reliable and stable project for the long term”.