Alstom and partners reach financial close for Israel's Haifa-Nazareth light rail project

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3▲1 ▼0Impact / 5
Summary · why it matters

Alstom and its consortium partners have reached financial close for the Haifa-Nazareth light rail project in Israel. The overall project is valued at approximately €2 billion, with Alstom's share at around €750 million, covering rail systems design, engineering, supply, integration, testing, commissioning, and long-term maintenance. The 41-kilometre line will connect Haifa, Nazareth, and surrounding communities through 20 stations, serving about 100,000 passengers daily. The consortium includes Electra Ltd. and Minrav Ltd., which will handle civil and infrastructure works, while a joint venture of Electra Afikim, Minrav, and Alstom will manage operations and maintenance. Financial close enables full-scale execution of one of Israel's largest public transportation initiatives.

Impact on assets 1

Industrials▲
Alstom S.A.
ALO
▲ PositiveDemandrelevance

Alstom secures €750M contract for rail systems and maintenance on Haifa-Nazareth light rail project.

Off-coverage companies 3

Electra Ltdi
Private▲ PositiveDemandrelevance

Electra Ltd. handles civil and infrastructure works as part of consortium for the project.

Electra Afikimi
Private▲ PositiveDemandrelevance

Electra Afikim participates in operations and maintenance joint venture for the project.

Minrav Group Ltdi
Private▲ PositiveDemandrelevance

Minrav Group handles civil works and participates in O&M joint venture for the project.