Shikun & Binui Group has secured a $750m contract to build a large-scale infrastructure project in the Tel Aviv Metropolitan Area, Israel.
Work under the project will continue for six years and will include construction of tunnels and several underground stations for a section of the Red Line of the planned Tel Aviv mass transit rail system.
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Completion of this major segment of the project will improve the infrastructure and quality of life for all who live and work in its central region.
A tunnel boring machine (TBM) will be used for excavating the majority of this civil engineering project.
It will include the digging of underground tunnels in the Tel Aviv metropolitan area and construction of six underground train stations.
Shikun & Binui chairman Moshe Lahmani said: "This project joins the other groundbreaking projects that Shikun & Binui has carried out, such as the Highway 6 Toll Road that crosses Israel in its entirety from north to south, the Carmel Tunnels in Haifa, and hundreds of other roads and infrastructure projects that we have built, both in Israel and throughout the world."
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By GlobalDataShikun & Binui CEO Ofer Kotler said: "This project joins many other mega-projects that we have managed in Israel and abroad. Recently Shikun & Binui was awarded contracts to build toll roads in Texas and Colombia valued together at $1.5bn.
"In fact, Shikun & Binui is now active in 20 countries and continues to expand its global activities, including holdings in the US and other markets."
The company has extensive experience carrying out these kinds of projects, including Israel’s Highway 6 and Carmel Tunnels, Nigeria’s Shagamu-Ibadan Road, and other transportation projects.
