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Israel: Gov’t tackles port monopolies with new construction plans

By  |  July 3, 2013

The Israeli government is looking to break-up the nation’s port monopolies with plans to build two private ports. The building plans involve construction in two major cities and intend to break up the public sector’s monopolies and their overbearing unions, say reports. The nation’s two largest ports are state-run conglomerates. Construction costs are estimated at $1.1 billion for each port. While the ports will be open to foreign bidders, regulators will retract one of the tenders within 90 days if interest is too weak.

Full Content: Haaretz

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