Common use of Introduction and General Description of the Project Clause in Contracts

Introduction and General Description of the Project. 1.1. On August 11th, 2016, the Government of Israel issued Government Resolution No. 1838, a multi-year investment plan for the development of public transportation in metropolitan areas, including the development of a mass transportation system in the Haifa metropolitan area. Clause 3 of the said decision instructed the Ministry of Transport and Road Safety to promote the construction and operation of a light rail transit (LRT) line in the Haifa metropolitan area, between Haifa and Nazareth, as described in more detail below (the "Project").