IFLR1000

Haifa Bay Port

1/9/2015
Project development, Project finance
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NIS 3.98 billion

$ 1.073 billion

Completed

1/9/2015

Overview:

  • Haifa Bay Port.
  • Shanghai International Port Group will operate a new private harbour in Haifa bay.
  • Ashtrom Group and Shapir Engineering and Industry have taken out NIS621 million in new financing from Bank Leumi to develop the project, having won the tender for the port's construction in October 2014.
  • The new private port is being built to encourage competition in the sector.

Sam Duke - Editor

Jurisdiction:

Israel

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sectors:

Transport
Logistics

Firms:
M Firon & Co

Party: Shapir Engineering & Industry (Project developer)

Party: Ashtrom Group (Project developer)

Lawyer: Tamar Firon-Smorodinsky

Yehuda Raveh & Co

Party: Bank Leumi (Lender)

Lawyer: Ron Vered

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