CREC Chairman ZHANG Zongyan met with Mr. Shay Yiftach, Acting CEO of NTA on Sep. 17, 2019. They had an in-depth communication on enhancing cooperation in rail transit system in Israel.
ZHANG said the two sides have maintained a good cooperative relationship since CREC entered Israeli market in 2015 by implementing the TBM western segment of the red line project of Tel Aviv light rail system. The Project was completed and delivered ahead of schedule, which is an example of advanced delivery of large complex infrastructure project in Israel, setting a benchmark for the future cooperation. ZHANG said, “CREC values the Israeli market. The recent established branches company in Israel is a showcase of our interest and confidence”. CREC hopes to work with NTA in more fields and ways.
Shay Yiftach said he is grateful to CREC for the support of the project issued by NTA. As CRTG (a subsidiary of CREC) has done a wonderful job in the TBM western segment of the red line project of Tel Aviv light rail system, he is confident that CRTG will deliver the system integration project on schedule as well. CREC has a strong team with full experience of the laws and market regulations in Israel. He hopes CREC will participate in the construction and investment of major infrastructure projects in Israel for mutual development.
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