Home / Business and Economy / India eyes massive $50B Tel Aviv Metro deal
India eyes massive $50B Tel Aviv Metro deal
24 Nov
Summary
- Israel seeks Indian metro companies for a $50 billion project.
- The Tel Aviv metro will span 150 km with 109 stations.
- Phase 1 alone involves $20 billion for 78 km of tunnels.
Israel is actively seeking experienced Indian metro construction companies to participate in its transformative $50 billion Tel Aviv metro rail project. The Metropolitan Mass Transit System Ltd (NTA) has initiated the prequalification process for the first phase, highlighting India's robust metro-building capabilities as a key asset. This ambitious venture is poised to become Israel's most significant infrastructure investment to date.
The sprawling Tel Aviv metro network is planned to encompass three lines stretching 150 km, featuring 109 stations and four depots. The initial phase alone represents a substantial $20 billion investment, dedicated to constructing 78 km of twin tunnels and 59 stations. The project's scale is immense, with 300 km of tunneling anticipated across both directions of the planned lines.
Despite a slowdown due to recent regional conflicts, Israel is keen to secure expertise from global players, including Europe, India, and South Korea. Indian firms, with a proven track record in constructing metro systems in various countries, are particularly encouraged to bid. This collaboration offers a unique opportunity for Indian companies to expand their international footprint and contribute to a landmark project.
