Government, KKL sign final agreement

By
November 18, 2015 19:43

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Ending years of negotiations between the government and Keren Kayemeth LeIsrael-Jewish National Fund, the organization's leaders and Finance Minister Moshe Kahlon have signed off on an agreement that will see to the transfer of some NIS 2.2 billion from KKL-JNF to state coffers in 2016.

The funds will be directed toward a variety of national projects and environmental programs, the Environmental Protection Ministry said on Wednesday. In 2017, KKL-JNF will transfer an additional NIS 1b. to the state.

Under the agreement, government officials and KKL-JNF will operate a joint committee to approve the various projects receiving financing from the fund. "I am happy that we found a practical way to connect KKL-JNF to the development goals of the government," said Environmental Protection Minister Avi Gabbay.

Outgoing KKL-JNF chairman Efi Stenzler  meanwhile added that the agreement sends a "true social message for the citizens of Israel." The new funds, he said, will not only lead to environmental improvements, but also can bring about "a defining moment with regards to the performance of infrastructure development in the construction field and reduction of housing prices."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 17, 2018
Arkia flight IZ821 to Eilat turns back after technical problem discovered

By JERUSALEM POST STAFF