• Saturday, January 25, 2020

Israel-China light rail project to relieve Tel Aviv's traffic woes

Discussion in 'Middle East & Africa' started by Azizam, Sep 11, 2015.

  1. Azizam

    Azizam BANNED

    Messages:
    3,512
    Joined:
    May 26, 2013
    Ratings:
    +3 / 4,587 / -11
    Country:
    Sri Lanka
    Location:
    United Kingdom
    TEL AVIV: Israel’s public transport system is being revolutionised with the help of China.

    Like some cities in Southeast Asia, Tel Aviv motorists can spend hours a day backed up in traffic

    For commuters like Keren Bar, it has become unbearable. On more than one occasion she has considered relocating to save her the hours and hassle she wastes on the city’s roads.

    “The traffic situation here is really hard,” she said. “I live within the city and it takes me more than an hour sometimes to get to work. The traffic here is just really, really bad so I think something should be done with it.”

    Other cities in Israel have faced - and solved - the same problem.

    For years, downtown Jerusalem was almost impossible to drive through. But a light rail train system, which runs through the heart of the city, has done more than just relieve traffic woes - it has lifted the spirits of people who live here.

    The same - and more - is now being done in Tel Aviv. After years of preparation and numerous delays, a complex construction system is finally on track.

    It involves different types of rapid transits like a light rail above ground, an underground train and a refreshed bus service. It is the largest and most complex transport project the country has ever undertaken.

    However, Israelis lack experience in building rails and underground tunnel digging, and so have looked to the China Railway Tunnel Group for assistance.

    “This isn’t the first time Chinese companies have been involved in infrastructural building in Israel,” said Daniel Cogan, a NTA Metropolitan Mass Transit System spokesman.

    “They’ve been involved in the north of the country, and now they’re building a traffic tunnel on the way to Jerusalem. At the end of the day, the knowledge, expertise and professionalism that the Chinese bring with them are what Israel needs.”

    China Railway has been involved in the construction of nearly 23,000 kilometres of electrified railway lines throughout China.

    Its subsidiary, The China Railway Tunnel Group, is investing close to US$8 million in the Tel Aviv project.

    The benefits of which travel in both directions.

    “Chinese interests in Israel is what actually in return creates Israeli interests in China, so it’s a collaborative approach that is encouraging cooperation between both countries,” said Michal Chetrit, managing director at the Israel-Asia Chamber of Commerce. “Israel specifically of course has interests in Chinese capital and the Chinese can in fact invest a lot of financing in the Israeli market, so it’s a win-win situation.”

    The construction is expected to last for at least six years and major delays in the city’s traffic and transportation are predicted.

    Shop owners in the vicinity are also bracing for short term losses.

    But the long term benefits of clever urban planning and better traffic control are propelling these cities full steam ahead.

    Israel-China light rail project to relieve Tel Aviv's traffic woes - Channel NewsAsia

    @Chinese-Dragon
     
  2. Azizam

    Azizam BANNED

    Messages:
    3,512
    Joined:
    May 26, 2013
    Ratings:
    +3 / 4,587 / -11
    Country:
    Sri Lanka
    Location:
    United Kingdom
    It seems that Israel is making a pivot to the East in search for new markets and investors. In the East, Israel wouldn't have to face liberalism and religous extremism as it faces in the west. This will also be a huge opportunity for China to extend its influence.
     
  3. hussain0216

    hussain0216 ELITE MEMBER

    Messages:
    13,588
    Joined:
    May 29, 2012
    Ratings:
    +6 / 15,963 / -25
    Country:
    Pakistan
    Location:
    United Kingdom
    There are more muslims in the east then there are in the west

    Israel is only 8 million people of which 2 million or so are arab/muslim
     
  4. Shotgunner51

    Shotgunner51 INT'L MOD

    Messages:
    6,121
    Joined:
    Jan 6, 2015
    Ratings:
    +49 / 19,987 / -2
    Country:
    China
    Location:
    China
    Good news bro!

    The China Railway Tunnel Group won a nearly NIS 3 billion ($800 million) bid to help build Tel Aviv’s long-awaited light rail, largest project award to date in Israel.

    CRTG is a subsidiary of CREC, one of China’s largest construction company, which has business ties with Iran’s Khatam-al Anbiya Construction company worth billions, including a high-speed rail project announced earlier this year connecting Tehran and Isfahan.

    [​IMG]

    Chinese company connects Tel Aviv rail, Tehran | The Times of Israel
    ENR: Engineering News Record | McGraw-Hill Construction

    @AndrewJin @Chinese Bamboo
     
  5. Azizam

    Azizam BANNED

    Messages:
    3,512
    Joined:
    May 26, 2013
    Ratings:
    +3 / 4,587 / -11
    Country:
    Sri Lanka
    Location:
    United Kingdom
    It seems China is involved in even more projects in Israel and as I posted earlier, China is investing large amounts of money into Israeli startups. China even can be considered as a good alternative to US for Israel. What's interesting about Israel is that they have identified and promoting industries that will be critical in the future such as water management, renewable energy, robotics etc. Asian countries like China, Japan and India will give them access to a gigantic market. It's a win-win situation for everyone


    Four Chinese Groups in Race to Buy Israeli Insurance Firm Clal - Business - Haaretz

    Israel Venture Activist Jon Medved: China Could Invest Up to $1 Billion in Israeli Tech This Year | Jewish & Israel News Algemeiner.com
     
  6. Shotgunner51

    Shotgunner51 INT'L MOD

    Messages:
    6,121
    Joined:
    Jan 6, 2015
    Ratings:
    +49 / 19,987 / -2
    Country:
    China
    Location:
    China
    Yes trade and investment between China and Israel is huge and extensive.

    Other than this $800 million light rail project, there are man others. Recent high end deals include Chinese donation of $130 million to Technion for a research center, Beijing winning a $2 billion tender to build the “Med-Red” railway linking Ashdod port with Eilat as well as a $1 billion Israeli port tender, a $300 million joint research center between Tel Aviv University and Tsinghua University, and Chinese acquisition of a controlling stake in Israel’s Tnuva dairy company for more than $1 billion. The acquisition of Tnuva was the biggest Chinese buyout of an Israeli company since 2011 when the China National Chemical Corp. bought Adama, the pesticides and crop protection company then known as Makhteshim Agan, for US$2.4 billion.

    In 2014, Chinese-Israeli tech deals totaled $300 million, up from $50 million in 2013, according to Israel’s National Economic Council. Bilateral between the two countries reached in excess of $10 billion in trade since the start of 2015. In January 2015 a number of Chinese information technology companies began to make investments in Israel, Chinese e-commerce giant Alibaba invested an undisclosed sum in Visualead, an Israeli company specialising in QR code technology. Alibaba has also invested in Israel-based venture fund Jerusalem Venture Partners, becoming a limited partner joining Qihoo 360, another Chinese web company to have invested in the Jerusalem based fund. Baidu, China’s largest search engine, has put US$3 million into Pixellot, an Israeli video capture start-up and provided funds to Carmel Ventures, an Israeli venture capital firm as well as lead a $5 million investment round in the Israeli music education firm Tonara.

    In March 2015, Israel joined China’s newly constituted Asian Infrastructure Investment Bank (AIIB), becoming a founding member of the institution suggesting that Israel may become a major economic ally of China.

    In 2013, China and Israel began to boost the economic relations with respect to agriculture. The two countries decided to set up an agriculture technology incubator in Anhui Province, China enabling joint development of agriculture technologies and solutions in keeping with requirements on the ground. Israeli agriculture trade fairs such as Agrivest and AgriTech have witnessed large Chinese delegations and greater participation from Chinese state-owned and private companies as Chinese's growing middle class and increasing consumer demand as well as increased pressure on agricultural land has prompted the Asian giant to increasingly look at Israeli agriculture technology to boost crop yields and dairy production.

    Horizons Ventures, a venture capital fund founded by Hong Kong business mogul Li Ka-shing, said on April 28, 2015, it is leading a US$10.8 million strategic investment in Windward, an Israeli maritime data and analytics company. MarInt, Windward’s satellite maritime analytics system, is widely used by many security, intelligence and law enforcement agencies across the world. With his investments in Israeli high-tech, Li has set the stage for for Hong Kong's business elite that it was financially sound and even necessary for the future of the Chinese economy's prosperity to invest in emerging Israeli technologies.

    In the first half of 2015, China invested more than $2 billion compared to just $300 million for all of 2014. Economists are forecasting China to surpass the US as Israel’s largest trading partner in the near future. On May 25, 2015, the Israeli Trade Authority signed an Authorized Economic Operator (AEO) agreement that simplifies customs and approval procedures for Chinese exporters to Israel. On June 22, 2015, The Delek Group agreed to sell a 52% controlling stake of its company to the privately held Chinese conglomerate Fosun International. On September 2 2015, Fosun International made another investment in Israel where it agreed to purchase the company for NIS 300 million ($77 million USD).

    Israel and China expand trade credit by $500m - Business & Innovation - Jerusalem Post
     
  7. Azizam

    Azizam BANNED

    Messages:
    3,512
    Joined:
    May 26, 2013
    Ratings:
    +3 / 4,587 / -11
    Country:
    Sri Lanka
    Location:
    United Kingdom
    Very good news. Good luck to both China and Israel.
     
  8. Shotgunner51

    Shotgunner51 INT'L MOD

    Messages:
    6,121
    Joined:
    Jan 6, 2015
    Ratings:
    +49 / 19,987 / -2
    Country:
    China
    Location:
    China
    Thanks, same goes to China-Lankan co-prosperity!

    On topic, China gets to export transport tech & financial capital, Israel gets better traffic for the people, excellent deal.
     
  9. Natan

    Natan FULL MEMBER

    Messages:
    1,116
    Joined:
    Jan 26, 2013
    Ratings:
    +1 / 1,018 / -3
    Country:
    Israel
    Location:
    Israel
    Although Israel has much to offer in fileds of high-tech, In certain fields, such as railways, tunnels, large scale construction, we have much to learn from China.

    AFAIK, China is deeply involved in construction of two new commercial ports of Israel on the Mediterranean.
     
  10. Shotgunner51

    Shotgunner51 INT'L MOD

    Messages:
    6,121
    Joined:
    Jan 6, 2015
    Ratings:
    +49 / 19,987 / -2
    Country:
    China
    Location:
    China
    Thanks, it's a win-win co-operation! On hi-tech, as Li Ka Shing has mentioned, it's financially sound and even necessary for the future of the Chinese economic prosperity to invest in many emerging Israeli technologies, look forward to deepening ties between the two countries!