Netivei Israel plans record road project value levels in 2013

Netivei Israel plans to invest more than US$1.63 billion in its road development and safety projects in 2013 – breaking its previous record in 2012 of over $1.47billion. By the end of 2012, the company completed the construction of five new interchanges, and began building 13 additional interchanges. It also completed the upgrading of 160kms of highways, through the paving of new roads, expanding existing roads and adding interchanges. Next year, Netivei Israel will begin the construction of 19 new interc
January 3, 2013 Read time: 2 mins
Netivei Israel plans to invest more than US$1.63 billion in its road development and safety projects in 2013 – breaking its previous record in 2012 of over $1.47billion.

By the end of 2012, the company completed the construction of five new interchanges, and began building 13 additional interchanges. It also completed the upgrading of 160kms of highways, through the paving of new roads, expanding existing roads and adding interchanges.   

Next year, Netivei Israel will begin the construction of 19 new interchanges and the paving of 30km of new roads as part of the ongoing overhaul of Israel’s interurban road network.

A summary of 2012 indicates a significant 32% fall in the number of fatalities in interurban road accidents in Israel. A comparison between the current period and the same period last year shows a decrease of about 36% in the number of driver fatalities, and a decline of 50% in the number of pedestrian fatalities. The reduction in the number of road fatalities was also found among vehicle passengers, motorcyclists and bicycle riders.

Related Content

  • Approval for Moscow’s ring road reconstruction
    October 15, 2015
    Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.
    Read More
  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil
    Read More
  • Strabag Q1 revenue dips 7% but EBITDA improves 13%
    June 6, 2016
    Vienna-based Strabag reported output volume of nearly €2,257 million in the first quarter of 2016 financial year, a decline of 9%. However, Q1 EBITDA (earnings before interest, taxes, depreciation and amortisation) improved by 13% to €-57.71 million. The order backlog also decreased on the year, coming to rest at €13,976.62 million on 31 March 2016 – an 8% decline versus the first quarter of 2015. The number of employees fell by 3% to 68,808. This reduction took place almost entirely among blue-col
    Read More
  • Focusing on workzone safety systems
    March 16, 2012
    The US has seen a major reduction in deaths following accidents in its highway construction work zones, while Europe and other parts of the world are looking at new safety technology and systems to trigger a similar trend. Guy Woodford reports. Work in the US to reduce the likelihood of potentially fatal accidents at highway work zones is paying dividend.
    Read More

Highlighted Content