21.12.2010                         14.Tevet, 5771

Carmel-Tunnel:

Chinese miners claim NIS 50m more for Carmel Tunnels

Chinese infrastructure firm claims that since it finished the work early, it deserves a share of extra profits from the early completion.

Three weeks after the inauguration of the Carmel Tunnel in Haifa, a dispute between the partners who built it may end up in court. Chinese infrastructure firm CCECC, which dug the tunnels, is demanding NIS 50 million compensation for finishing the NIS 1.22 billion project early from the Carmel Tunnels' franchisee, Carmelton. Carmelton is owned equally by Ashtrom and Shari Arison's Housing and Construction….