Electra (TASE: ELTR) has received the tender for the development, operation and upkeep of the congestion cost system that can function within the Tel Aviv metropolitan area. It is a large-scale transportation infrastructure venture, by which anticipated revenues over the concession interval are estimated at NIS 1.25 billion.
The venture is designed to discourage vehicles and encourage a shift to public transportation, thus decreasing site visitors congestion on the entrance to Tel Aviv and on important roads. within the metropolitan space. In keeping with the congestion cost legislation, there might be three rings within the Tel Aviv metropolitan area: an inside, center, and outer ring that encompass the primary employment facilities. Electra will arrange some 220 toll factors at 140 billing websites alongside the primary roads, alongside car identification techniques, management facilities, communication techniques, assortment and customer support.
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In keeping with the tender, Electra might be answerable for detailed planning, development, implementation of technological techniques, operation and upkeep for 20 years. The overall proceeds from the venture will embody a development grant of roughly NIS 400 million and extra revenues of about NIS 850 million in the course of the working interval. The toll contractor is the US firm TransCore LP, which carried out the congestion cost venture in Manhattan, New York, which has been thought of profitable.
Implementation of the congestion cost in Israel is predicted to generate NIS 1.3 billion for the state coffers yearly, and is meant to finance public transport initiatives, together with the Metro.
Worldwide, cities resembling New York, London and Stockholm have already applied congestion cost techniques. Thus, within the New York metropolitan space, a 7.5% lower in site visitors has been recorded, and journey instances at main crossings, such because the Holland and Lincoln tunnels, has fallen by greater than 40% within the morning hours. On the Williamsburg Bridge, there was a lower of 35%, and on the Brooklyn Bridge – 21%.
Nevertheless, regardless of the encouraging information from the world, it’s nonetheless unclear when the venture will go into operation in Israel. Final November, after delays, objections and postponements, the dialogue on the congestion cost reached the Knesset Finance Committee and was met with opposition from Transport Minister Miri Regev and native council heads. Alternatively, Minister of Finance Bezalel Smotrich insisted that the congestion cost is a “nationwide want.” However ultimately the Finance Committee sided with the opponents to the plan.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 8, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
