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Israel is launching a new program of investment in roads and railways, to which private actors and banks are invited to participate.
According to Israeli government commissioner Rony Hizkiyahu, investments are doubling to about $ 16 billion a year. The money will include investments in a subway in Tel Aviv and an extension of the suburban train network around Jerusalem, as well as highways and toll roads.
According to the OECD, road congestion in Israel, expressed as the number of vehicles per road kilometer, is three times more dense than the average of the 36 member countries of the economic association. And according to the IMF, unnecessary queues on Israeli roads represent a backlog of about 1.5% of GDP per year.
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