Bank of Israel: Government aware of the urgent need to deal with traffic jams

Annual Survey for 2005 published earlier this week by the Bank of Israel shows that Railway investment in 2006 will reach 1% of GDP, from 0.1% of GDP ten years ago
03.04.06 / 00:00
Bank of Israel: Government aware of the urgent need to deal with traffic jams
03.04.06
Bank of Israel: Government aware of the urgent need to deal with traffic jams
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Annual Survey for 2005 published earlier this week by the Bank of Israel shows that Railway investment in 2006 will reach 1% of GDP, from 0.1% of GDP ten years ago
 
The survey also note that in 2006 the weight of the investment in light railway services in the Tel Aviv area and Jerusalem will rise to 0.15% of GDP.
 
Investment in roads will continue at a level of 0.7-0.9% of GDP. (including Road no. 6, The Yitzhak Rabin Highway). The survey emphasized the need to increase investment in mass transportation programs arguing that a modern economy requires efficient accessibility for individuals needing to travel substantial distances every day to their places of work.
 
According to the survey the proportion of public transport usage of the total transport infrastructure in Israel is one of the highest in most OECD countries.

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