Knesset Finance Committee approves NIS 2.3 billion to Israel Railways

Knesset Finance Committe

By RON FRIEDMAN
December 23, 2009 18:11

 
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

The Knesset Finance Committee on Wednesday approved the transfer of NIS 2.3 billion to Israel Railways. The money is a state subsidy authorized by the Ministry of Finance to assist the railway to encourage additional passengers to use the rail. According to Israel Railways CEO Yitzhak Harel, 2008 saw a ten percent increase in train use and 2009 was expected to see an additional increase of 1,000,000 rides. "We will complete 2009 with 36 million rides and we believe that in 2011, when we open the line to Rishon Lezion, we will have six million more," he said. Harel explained that 70% of the train company's incomes were generated from sales and 30% was from the government subsidy. He added that the agreement with the Finance Ministry was dependent on the company's service performance and included things like punctuality, customer satisfaction and government oversight.

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 12, 2018
Air sirens sound in Kerem Shalom after Hamas fires from Gaza

By JERUSALEM POST STAFF