The cost of constructing the first phase is estimated at 1.75 billion dollars, and the cost of maintenance and operation of the bridges is estimated at 140 million dollars per year. Yesterday, the aforementioned preliminary phase of the bond issuance for the benefit of the project was completed, in which institutional bodies from the US and other countries participated. As part of the procedure, which received significant demand, bids were received for participation in the amount of approximately 11 billion dollars, which is six times the amount needed to finance the first phase of the project (which is a total of approximately 1.75 billion dollars).
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Tamir Cohen, CEO of Shikhun and Binui, said today that: “The IPO in the US is a significant milestone in the business activity of Shikhun and Binui, since it is a huge recruitment in terms of the market in Israel, and a significant foothold for Shikhun and Binui in the field of infrastructure construction in the US.”