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2025-05-20 11:29:00

Layer3.news on Nostr: calcalist.co.il THE CONTRACTORS TO THE HIGH COURT: OBLIGE THE STATE TO FORMULATE A ...


THE CONTRACTORS TO THE HIGH COURT: OBLIGE THE STATE TO FORMULATE A COMPENSATION PLAN FOR THE INDUSTRY DUE TO THE WAR


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✍️ The Israeli construction industry is facing significant delays and losses due to the war, with a estimated economic loss of 131 billion shekels. The contractors are seeking a court order to force the government to provide a solution to the crisis.
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👉 Estimated economic loss of 131 billion shekels
👉 Significant delay in the delivery of homes and infrastructure projects
👉 Shortage of workers in the construction industry
👉 Government is not providing a solution to the crisis
👉 Contractors are seeking a court order to force the government to provide a solution

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#Israel #politics
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The contractors claim that the state is responsible for the nine-month delays in delivering apartments, but they are required to pay the damages because the law requires them to pay compensation to the apartment buyers. According to the Federation of the Construction Industry's estimate of the economic damage since the outbreak of the war, the figure stands at approximately 131 billion shekels, due to the government's failures.
https://www.calcalist.co.il/real-estate/article/rjazkyqblg

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