Congestion costs Israel's economy

Traffic jams in Israel cost the country's economy US$5.57 billion/year, according to official estimates.
February 28, 2012 Read time: 1 min
Traffic jams in Israel cost the country's economy US$5.57 billion/year, according to official estimates. Tel Aviv's congestion is particularly bad and the authorities predict that by 2015, vehicles in the city may have average speeds of just 7km/h. However around 27% of the financial impact to Israel's economy is due to congestion in the Sharon area, with 18% attributed to Tel Aviv.

A further 23% of the economic impact relates to traffic problems in the suburbs of Bat Yam, Holon and Rishon Letzion. The data shows that Israel's roads are used predominantly by passenger cars at some 79% of the country's 2.5 million motor vehicles. The data has been released by the 3324 Israel Ministry of Finance.
Highway & Network Management

For more information on companies in this article

Related Content

  • Italian machine sales stronger in 2015
    March 14, 2016
    Italian exports of construction machines grew in 2015 compared with the previous year. The country exported construction equipment with a total value of €2.5 billion in 2015, an increase of 4.9% compared to the exports for 2014. This data has been released by SAMOTER Outlook, the market data analysis provided by SAMOTER (www.samoter.it) in collaboration with Prometeia and information contributed Unacea, the National Union of Companies Construction Equipment & Attachments.
    Read More
  • Fast, safe and sustainable transport for Johannesburg
    February 14, 2012
    GTZ highlights a pioneering scheme illustrating the potential of Bus Rapid Transit systems as a viable approach to alleviate the traffic and social problems faced by large cities worldwide
    Read More
  • Fast, safe and sustainable transport for Johannesburg
    April 12, 2012
    GTZ highlights a pioneering scheme illustrating the potential of Bus Rapid Transit systems as a viable approach to alleviate the traffic and social problems faced by large cities worldwide Most major cities worldwide have been characterised by the phenomenon of steadily growing urbanisation accompanied by exponentially increasing numbers of private motorised vehicles. This has led to congested roads and sprawling cities, with commuters having to travel long distances to and from work. Despite huge inves
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More

Highlighted Content