Portuguese-Chinese consortium competes for 1.6 billion-euro project in Israel

14 September 2006

Lisbon, Portugal, 14 Sept – A consortium of companies including Portuguese construction company Soares da Costa and the China Civil Engineering Construction Corporation has been selected for the final phase of the tender for a project in the Israeli capital, valued at 1.6 billion euros, Portuguese financial daily Jornal de Negócios reported.

The Metro Transport Solutions (MTS), set up to compete for the tender to build the Tel Aviv light railway, also includes German multinational company Siemens, which will provide the rolling stock, and Egged, Israel’s largest road transport company, as operator, the paper said.

The group of companies also includes a local civil engineering company, Africa-Israel, owned by diamond dealer Lev Levayev, who has a number of interests in Angola.

After being selected for the final phase, the consortium now has to hand in the final proposal for the tender by October 4.

MTS is facing competition from Metrorail, a consortium made up of French groups Alstom and Vinci and Germany’s Zublin as well as a group of Israeli companies.

The Speedan consortium, of which Canadian multinational Bombardier and US company Parson were a part, was left out of the final phase of the tender. (macauhub)