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Welcome to the State of Israel Bonds
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TRANSPORT
2 New double-track railway lines are now being built.
One of these is the high speed train from Modi’in to Tel-Aviv via Ben-Gurion airport.This is nearing completion and should be running by july 2007. |
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The other is the high speed rail link from Tel Aviv to Jerusalem, via Ben-Gurion airport, which is due for completion in 2012.
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Jerusalem Light Railway
January 5, 2009, is the projected date for 46 state-of-the-art streetcars to begin making their way down the light rail track. Every four minutes, a tram will glide through one of 24 stations along the eight-and-a-half-mile route — starting out from the Pisgat Ze’ev suburb in the north of the city, running south down Highway 1 to Tsahal Square, turning west along Jaffa Road, crossing the Calatrava bridge, passing the central bus station and continuing up Herzl Boulevard to Yad Vashem.
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Two-thirds of NIS 3.2 billion cost of the light rail project is being met by CityPass, a consortium of French, Italian and Israeli companies that received a 30-year concession to build and operate the system. The remainder comes from the government, with support from Israel Bonds investments
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Ben-Gurion Airport
By the end of 2006, some 9.3 million passengers had passed through Israel’s new $1 billion Ben-Gurion International Airport, which was inaugurated in November 2004. This represents a 10 percent increase over 2005, and approaches the record numbers for the year 2000.
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As a result, the airport will undergo a $200 million expansion. Construction will begin next year, and by decade’s end will add another runway and a fourth parking lot to the already large airport’s facilities. The $100 million cost of each will be met through the Israel Airports Authority budget. A 30-year-old public corporation, the Authority is supervised by Israel’s Ministry of Transport, whose infrastructure projects have been supported by Israel Bonds investments since the earliest years of the state.
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