Ashdod Port to Invest 1.5 Billion Shekels in Port Infrastructure

Ashdod Port Company is making strategic investments in port infrastructure, estimated at 1.5 billion shekels. This is part of a comprehensive strategic plan to streamline and develop infrastructure and convert berths into specialists according to segments to ensure functional continuity for the economy.

Among the investments: Equipping with 12 electric ERTG cranes at a cost of a quarter of a billion shekels, establishing a dedicated electrical substation at a cost of about 180 million shekels, expanding the container storage area in the rear of berth 21 at a cost of about 100 million shekels for receiving and storing another 4,000 containers, equipping with advanced arm cranes at an investment of 120 million shekels and additional investments.

Ashdod Port Company is launching the second phase in upgrading berth 21, at a total investment cost of half a billion shekels, during which a project to establish a container storage area in the rear of the berth, equipping with 12 RETG cranes, establishing a transformation station and an electrical substation will be carried out. As part of the project, the establishment of a transformation station (transformer room) has been completed, which will serve to convert high-voltage electrical energy to low-voltage electrical energy. In addition, the establishment of a dedicated electrical substation for the port has been completed, which will serve as a central and stable power supply point and will ensure functional continuity for the port. The facility was built to allow reliable, vital and significant power supply for the operation of the port systems continuously and safely. A dedicated electrical substation at a cost of about 180 million shekels to supply electricity for ships and feed electric cranes, expanding the storage capacity of refrigerated containers in the rear of berth 21 and also serves as a backup station for an emergency scenario to allow functional continuity.

Ashdod Port Company is equipping with advanced arm cranes at an investment of about 120 million shekels, this, as part of a streamlining and development plan for berths 7 and 9 for berths specializing in general cargo and bulk, at a total investment cost of half a billion shekels. These are advanced arm cranes with a maximum working radius of 48 meters, which are designed to handle general cargo and bulk, as well as, special projects weighing up to 124 tons, which will be a significant addition to the operational capacity for such cargoes on the berth capable of receiving ships weighing up to 100,000 tons.

Shaul Schneider, Chairman of the Board of Directors of Ashdod Port: "In this period of global challenges, we see the importance of Ashdod Port as a vital strategic facility. The decision to make massive investments in port infrastructure is part of the strategic plan and realizes our vision to lead the world of ports. These investments, of equipping with cranes at the forefront of technology, establishing transformation stations, upgrading berths to specialists according to segments, will best serve the economy and the economy in Israel".

Nissan Levy, CEO of Ashdod Port: "Ashdod Port is proud to lead significant investments in infrastructure aimed at maintaining and operating the port at the highest level. This is a period in which stability, innovation and the ability to continue to provide fast and reliable service are more important than ever, and we are proud to lead projects that will maintain the port's operation in any situation. I thank the port workers who are leading the projects, alongside the ongoing operation of the port".