Transportation infrastructure investment slows down

According to figures released last week by the Bank of Israel, investment in transportation infrastructure dropped last year by almost 14%.
 
Spokesman for the bank noted, however, that spending on the railway lines was up by some 26%, after an outstanding growth of 144% in the period 2002-2003. As a direct result of the lack of road investment, road congestion in Israel is rated among the highest in the world.
 
Further expansion in the railways, according to the Bank, will help to overcome heavy congested roads. The Bank provided some statistics that show that the number of cars per kilometer of road network stands in Israel at 2.5 times the Western average.