Photo: nashemisto
According to newsru, the Knesset’s Internal Affairs Committee has approved a new chapter on special taxes and fees under the Metro Law, which was originally passed in 2022.
According to the approved chapter, developers will be required to pay 72% of the increase in the value of land plots along the metro route. These funds will be distributed between the state and the municipality where the land plot is located.
Since the metro construction has not yet actively begun, a reduced tax rate of 60% will apply until 2030.
Another tax, amounting to 4.5 billion shekels, will be imposed on the Gush Dan municipalities and will be collected according to the number of stations in each municipality.
Businesses located in areas of future metro stations with premises exceeding 100 square meters will have to pay a special tax of 70 shekels per square meter.
Current estimates suggest that the total amount of taxes to finance the metro construction will amount to 75 billion shekels.
At the moment, the project management is in the final stages of approving the construction project under the TAMA-70 plan. Transportation Minister Miri Regev has signed an order allowing the expropriation of land plots for the metro construction in exchange for compensation payments. Tenders for the construction of the three lines are scheduled for 2025, with the first line expected to be operational between 2035 and 2040.
