Israel Ports to invest NIS 650m. in '06

The Israel Ports Company has allocated NIS 313 million for development in 2006 as part of a total investment budget of NIS 650m.

The Israel Ports Company has allocated NIS 313 million for development in 2006 as part of a total investment budget of NIS 650m. The investment is part of Israel Port's multi-year NIS 5.6 billion development plan. In 2006, Israel Ports will spend NIS 360m. on Port Eitan in Ashdod; NIS 160m. on daily infrastructure at Project Carmel in Haifa; and NIS 130m. on other development projects in Eilat, Haifa and Ashdod.