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Shafir-Kaf joint venture has completed the financial close for the Light rail PPP project in Jerusalem. Bank Hapoalim with the participation of Altshuler-Shaham and Migdal Insurance Company has provided ILS 3.1 billion (US$ 951.02 million). The scope of the project is estimated to cost about ILS 5.1 billion (US$ 1.56 billion). The project includes the expansion of the red line and the construction of the green line of the light rail in Jerusalem.
