Will Israel build $10 billion island to accommodate incoming tourism?
Israel simply doesn't have enough real estate and needs an out-of-the-box solution.
09 July 2018 13:00
Writing for Bloomberg, David Wainer and Yaacov Benmeleh highlighted a few weeks ago the problems Israel has concerning land scarcity and the inability to accommodate another major airport to handle millions of tourists expected to arrive in Israel each year in the coming years with the land currently available.
Their solution, is to build an artificial Island off Israel’s coast where a massive airport could be built and thereby handle the millions of travelers expected annually. While the idea has been raised before, it appears the government is taking more serious steps to advance the proposal and review the potential plans, cost and benefits. As of now, it appears it will cost $10 billion and about 15 years to build.
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