Live Update
From the Liveblog of
Sunday, July 5, 2015
Chinese company hired to build Tel Aviv light rail works in Iran
A major Chinese contractor working on the construction of Tel Aviv’s light rail also has business links in Iran, Channel 2 reports.
China Railway Group Limited (CREC) is signed on to build a $2.73-billion high-speed railway network in Iran — from Tehran to the city of Isfahan. CREC is also constructing Tel Aviv’s light rail, at an estimated cost of $3 billion.
The Israeli government may have to investigate whether or not it is permissible to hire a company that engages in business with enemy states such as Iran, the report continues.
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