Get tough on cement, improve bus service, break port monopoly, and more

25.09.2011                      26.Elul, 5771

Wirtschaft:

Get tough on cement, improve bus service, break port monopoly, and more

Committee finds providing more competition to bus companies Dan and Egged could lower prices for the government and consumers, and improve service.

The Trajtenberg committee called for reevaluating the government-set prices for cement monopoly Nesher, which is owned by the IDB group. Nesher produces 90% of the country's cement. The committee wants to see a new local producer enter the market, with government support. It also called for giving imported cement priority at the Ashdod port's unloading stations. Its attempts to allow a certain amount of imports at dumping prices did not go through. (Ora Coren ).
The disappearance of Egyptian natural gas from the Israeli market created a market failure, ruled the Trajtenberg committee. In addition, it stated regulatory failures are likely to prevent the growth of future competition. Currently, Israel's natural gas is being supplied by one local field alone, and the partners in that field are also developing the Tamar and Leviathan fields. It cited the Tamar partners' demand to raise their prices once the Egyptians halted the gas flow as an example of this lack of competition. (Avi Bar-Eli )….