China Harbour Engineering subsidiary to build new port at Ashdod in Israel

Monday, 30 June 2014 00:00 - - {{hitsCtrl.values.hits}}

REUTERS: Israel said on Monday it has selected a subsidiary of China Harbour Engineering Company to build a 3.3 billion shekel ($ 950 million) port in southern Ashdod on Israel’s Mediterranean coast.

Under the terms of the tender, the company, Pan-Mediterranean Engineering Ltd., will build new docks, warehouses and jetties, extending deep-water berthing capacities at the site, the Israel Ports Company said in a statement. Israel also plans a second port further north in the city of Haifa but has not yet awarded the contract to build it. Nearly all of Israel’s trade is handled via sea, and the Government hopes the two new ports will turn it into a shipping hub for the eastern Mediterranean.