Egged to transfer 17% of its routes to other operators

The Ministries of Finance and Transport released a joint statement on Wednesday announcing they had reached an agreement with Egged Bus Company to transfer 17 percent of its operations to competition by other bus operators.
 After lengthy negotiations, the Finance and Transportation ministries came to an agreement with Egged Bus Company regarding the advancement of competition on public transportation over the next decade. The agreement, which is scheduled to be signed on Sunday in Jerusalem, will determine the method by which 17% of the companies operations will be released for open competition by other operators, gradually, over the course of the next five years.
According to the statement, the competition will allow the continued development of the public transportation industry, while establishing the status of the new public transport operators and ensuring improvement in the level of services provided by Egged.