BEIJING: Shanghai International Port Group wins government tender to operate new port for 25 years. This announcement comes after another Chinese company granted tender to build Ashdod port.
China is moving into the Israeli ports market on a large scale: With one Chinese company having already won a tender to construct the new Ashdod Port, a second Chinese firm will be taking over operations at the new Haifa Port, which is currently under construction by Shapir Engineering and the Ashtrom group at a cost of NIS 3.96 billion.
Shanghai International Port Group has been awarded the government tender to operate the new port in Haifa for 25 years. The new Haifa Port is expected to commence operations in 2021. SIPG was the only company that bid to operate the new facility.
