Israel has issued a new tender for a long-planned light-rail project in Tel Aviv. The move follows the government’s cancellation last month of a build-operate-transfer award to an Israeli-Chinese-Portuguese-Dutch consortium. The project, now estimated at $2.5 billion, is one of Israel’s largest-ever infrastructure projects. The tender would cover planning for the 23-kilometer line between suburbs north and south of the city. About 11 km of the project will be underground, as will 23 of the planned 33 stations along the route. The government was forced to take over the project earlier this year after the consortium failed to obtain the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.