The state surrendered, and abandoned an amazing natural resource, said MK Nitzan Horowitz (Meretz) Wednesday, in reference to the agreement signed between the Treasury and Israel Chemicals Ltd. Tuesday night.
"The agreement... has achieved nothing. Ten Percent of the royalties is a mockery," he stated.
Under the proposal, Israel Corp. subsidiary Israel Chemicals will pay 90% of the cost of salt harvesting and the government will pay 10%, and royalties on potash sales will double to 10% exceeding NIS 3 billion a year.
"The time has come to change tack: to stop draining the Dead Sea, and to take advantage of its unique, unparalleled advantages, and to develop the tourism that could be a tremendous source of income and employment," Horowitz declared.