Electra Ltd. (TASE: ELTR) has notified the Tel Aviv Stock Exchange (TASE) that its 85% owned subsidiary Electra Infrastructures Ltd. has received the tender for earthworks and building of the underground part of the Jerusalem gentle rail Blue Line. The work is predicted to take 58 months for a cost of NIS 620 million earlier than VAT.
The Blue Line underground part will comprise a 2.2 kilometer tunnel beneath the Geula and Mea Shearim neighborhoods of Jerusalem with three stations. The Blue Line, which is able to run from Ramot to Gilo is scheduled to start operations in 2028.
Published by Globes, Israel enterprise information – en.globes.co.il – on March 30, 2023.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.
