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Cross Israel Highway

Israel

In 1999, Aecon was a part of a special purpose concession company, Derech Eretz Highways (1997) Limited (DEC) which entered into a contract with the State of Israel for the financing, design, construction, operation and maintenance of the $1.2 billion Cross Israel Highway, under a 30-year concession agreement. 

Project scope included 103km of new highway, 100km of agricultural service roads, interchanges and bridges, a 400m twin-barrel tunnel, and the erection of an electronic tolling system. In 2007, DEC entered into an agreement with the State to construct, finance and operate Section 18 of the project – a 17km extension to the north.

CLIENT
Derech Eretz Highways Ltd.

VALUE
$1.2 billion

START DATE
1999

COMPLETION
2004

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103
KM OF NEW HIGHWAY

100
KM OF AGRICULTURAL SERVICE ROADS, INTERCHANGES AND BRIDGES

400
METRES OF TWIN-BARREL TUNNEL

Aecon, in a joint venture with two Israeli partners, also carried out the construction and its expansions under a lump sum EPC contract. Additionally, Aecon held a managing position in the highway operator. 

In 2010, Aecon sold its 25 per cent equity, and in 2011, Aecon sold its operator interest to finalize the transaction. The award-winning project was modeled after Ontario’s 407 ETR which was constructed and initially operated by Aecon.

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