By Avi Bar-Eli and Zvi Zrahya, Haaretz Correspondents

Six months after the announcement of the tender results, a concession agreement has been signed between the state and Metro Transportation Solution group (MTS), the winner of the tender for the light-rail's Red Line in Gush Dan.

The signing went ahead after the Knesset Finance Committee approved the state's financial commitment for the most complex and expensive infrastructure project in its history.

Work should begin by 2008 and continue for about five years (2013).

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Posted by pichu at May 29, 2007 11:14 AM