Index Investing News
Saturday, May 9, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Smotrich blocks expansion of coastal highway

by Index Investing News
May 13, 2023
in Financial
Reading Time: 3 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

For years, there have been plans to expand the coastal highway (Road 2), one of Israel’s most important highways, Road 2, in order to ease congestion and add bus and car pool lanes in each direction. The plan for the section between Zichron Ya’akov and Caesarea was approved in 2016 and has even been allocated an initial budget of NIS 230 million out of a total of NIS 1.7 billion needed. Now, just as the final signature was needed to get the project off the ground, Minister of Finance Bezalel Smotrich opposed the funding, and the project has been removed from the five-year road construction plan. The road was to be diverted eastwards onto a new route near Jisr az-Zarqa, on land belonging to Moshav Beit Hanania, while a new neighborhood for the Arab village would be built on the present route of the highway.

The moshav’s development depends on diverting the highway

The plan, approved in 2016, also includes developing Beit Hanania, which is bordered by the coastline and the Nahal Hataninim nature reserve. The moshav is in the second poorest socioeconomic decile, according to the Central Bureau of Statistics – 26% of its residents are unemployed and the average monthly salary is just NIS 5,767. Over the years planning institutions made development plans for the moshav dependent on diverting Road 2 eastwards.

Objections against the plan to divert Road 2 were examined by an external auditor. Beit Hanina’s residents claimed that the new road would harm their farming land and that the problem of the expected increase in Jisr al-Zarqa could be solved within its current borders. It is also claimed that in any case the plan would require massive investments in infrastructure and homes making it not worthwhile.

In addition, the moshav residents argued that the affected areas amount to about 400 dunams (100 acres), and that the proximity of the houses to the road would create noise and pollution hazards, and that the construction of a new urban residential neighborhood in Jisr, on the vacated land from the existing Road 2, would harm “the rural quality of life and the peace of Beit Hanania. Already today, their quality of life is being harmed as a result of failed management and the way of life in the nearby village (Jisr).” Finally, it was argued that “the growth of settlements must be demarcated and limited, especially at the cost of harming others. The residents of Beit Hanania are the second generation of Holocaust survivors who were expelled from their homes.”

Despite the many claims, the auditor decided that the total expropriation would amount to about 300 dunams (75 acres) out of the moshav’s 2,100 dunams (525 acres) of land. The moshav’s houses would be at least 800 meters from the new road so there would be no concern of damage to acoustics or air quality. The auditor also pointed out that the village of Jisr al-Zarqa is no different from any other village, and its expansion should be allowed even if it is at the expense of a neighboring village.

Smotrich has changed the decision of the previous government

The Bennett-Lapid government took a decision to socioeconomically strengthen Jisr al-Zarqa and part of this was to move forward with the plan to divert Road 2 eastwards. The Coastal Highway project was classified as top priority and funds were allocated as part of the five-year road building plan.

However, in the recent budget discussions between the government ministries, in addition to the pressure exerted by MKs from the Likud, Minister of Finance Bezalel Smotrich pressed not to provide a budget for the expansion of the highway and its diversion, and as a result it did not enter the basket of projects to be implemented over the next five years. Smotrich’s involvement is also reflected in the high rate of infrastructure development budgets in Judea and Samaria, all part of the same strategic plan.

Nevertheless, previous Minister of Transport Merav Michaeli did allocate NIS 230 million for promoting the project by preparing the land and beginning work for the expropriation Beit Hanania wanted to avoid. But the entire project will cost NIS 1.7 billion and it is now unclear whether it will ever be implemented.

A statement on behalf of the minister of finance said, “The budget agreement between the Ministry of Finance and the Ministry of Transport reflects the order of priorities, the importance and urgency of  infrastructure projects in Israel, and that is how it will be in the future as well.”

Published by Globes, Israel business news – en.globes.co.il – on May 11, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.




Source link

Tags: BlockscoastalexpansionHighwaySmotrich
ShareTweetShareShare
Previous Post

Hugh Jackman shows off new Wolverine look ahead of Deadpool 3 production

Next Post

Economists worry growing conflict with China will make Canada and the world poorer

Related Posts

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

by Index Investing News
May 7, 2026
0

Mohit Malhotra, Global CEO, Dabur India Dabur India posted a consolidated net profit of ₹362 crore in the March quarter,...

A .5 Billion Contract Isn’t Enough Without Profits

A $7.5 Billion Contract Isn’t Enough Without Profits

by Index Investing News
May 3, 2026
0

Quick Read Jim Cramer said no to Applied Digital (APLD) despite its $7.5 billion CoreWeave contract, arguing the company is...

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

by Index Investing News
April 29, 2026
0

Kevin Warsh, U.S. President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening...

Iran says it won’t accept ’maximalist demands’ as Islamabad hosts peace push By Reuters

Iran says it won’t accept ’maximalist demands’ as Islamabad hosts peace push By Reuters

by Index Investing News
April 25, 2026
0

By Saad Sayeed, Ariba Shahid and Steve Holland ISLAMABAD/WASHINGTON, April 25 (Reuters) - Iranian Foreign Minister Abbas Araqchi laid out...

Scientists are burning homes to protect them in wildfires: ‘We crash test houses’

Scientists are burning homes to protect them in wildfires: ‘We crash test houses’

by Index Investing News
April 21, 2026
0

It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window...

Next Post
Economists worry growing conflict with China will make Canada and the world poorer

Economists worry growing conflict with China will make Canada and the world poorer

10 Things That Are Killing Deals In 2023 (And How To Avoid Them)

10 Things That Are Killing Deals In 2023 (And How To Avoid Them)

RECOMMENDED

Taiwan seeks closer EU ties in return for chip investment

Taiwan seeks closer EU ties in return for chip investment

June 17, 2023
Studying Worldwide, Inc. (RDI) Q3 2024 Earnings Name Transcript

Studying Worldwide, Inc. (RDI) Q3 2024 Earnings Name Transcript

November 19, 2024
GID Inks 150 KSF Atlanta Lease

GID Inks 150 KSF Atlanta Lease

May 18, 2025
Queen Camilla May Wear The Most Controversial Crown Jewel For King Charles’ Coronation

Queen Camilla May Wear The Most Controversial Crown Jewel For King Charles’ Coronation

October 14, 2022
Israel’s ‘Restricted’ Invasion of Lebanon Opens New Chapter in Conflict

Israel’s ‘Restricted’ Invasion of Lebanon Opens New Chapter in Conflict

October 1, 2024
Invesco Strategist Warns the Fed Is ‘Playing a Dangerous Game’ That Could Lead to ‘Significant Recession’ – Economics Bitcoin News

Invesco Strategist Warns the Fed Is ‘Playing a Dangerous Game’ That Could Lead to ‘Significant Recession’ – Economics Bitcoin News

October 24, 2022
UN Labour Report Highlights Employment Challenges for Youth — World Points

UN Labour Report Highlights Employment Challenges for Youth — World Points

August 24, 2022
Modern Estate On 140 Acres In Prime Virginia Hits The Market For .5 Million

Modern Estate On 140 Acres In Prime Virginia Hits The Market For $11.5 Million

October 28, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In