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Article: Israel: Africa-Israel, Siemens get extension on TA light rail.
- Article from:
- TendersInfo
- Article date:
- June 25, 2009
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Byline: rakshali03
The Ministry of Finance and the Ministry of Transport have agreed to an extension of the guarantee deposited by the Metro Transport Services (MTS) consortium, headed by Africa-Israel Investments (TASE: AFIL) and Siemens in the Tel Aviv light railway tender. The extension is by a further three months, to September 30, 2009, sources inform "Globes".
The guarantee was due to expire next week (June 30). The state's agreement to an extension amounts to de facto agreement to a further extension of the deadline for financial closure of the project, which ahs already been postponed four times.
"Globes" has learned that MTS and the ...