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Follow Us on TwitterVEOLIA: Unable to leave Jerusalem light rail 23Oct09 October 26, 2009
According to Israeli news reports, Veolia has been made to keep its 5% in the City Pass consortium + 51% of shares in the operating company for the light rail and not sell it to the Israeli Dan company for the first 5 years of operation. Dan will operate the trains, with Veolia’s supervision. The shares will be sold after these first 5 years. This is because Dan does not have a 5-year operating experience, required by the original tender.
There are more extensive reports in Hebrew, but in English see for example this brief report:
Haaretz, 22Oct09 http://www.haaretz.com/hasen/spages/1122829.html
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