Israeli company to build $640 million toll road in Colombia

Marcy Oster

RIO DE JANEIRO (JTA) — An Israeli company will have a pivotal role in a multinational plan to upgrade Colombia’s road infrastructure system.

Shikun & Binui will build the nearly 100-mile-long Cundinamarca 010 toll road near Bogota, reported Israeli news portal Israel21c. The scope of the project – including financing, construction costs, rehabilitation, operation and maintenance – is estimated at approximately $640 million.

An Israeli global construction and infrastructure company headquartered in Airport City, near Israel’s Ben Gurion International Airport, Shikun & Binui reported that it recently completed the financing for the construction, operation and maintenance of its toll lanes project in metropolitan Houston, Texas, with a scope of approximately $1 billion.

In both Colombia and Texas, the construction will be performed by SBI, Shikun & Binui Group’s international contracting subsidiary.

“We will continue to compete for new mega projects in line with our strategic targets,” said Moshe Lahmani, Shikun & Binui chairman.

In June, an Israeli realtor was shot 10 times to death at close range in Medellin, Colombia’s second largest city.

The South American country is home to some 3,400 Jews out of a population of about 48 million people.

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