Carmel Tunnels May Not Make Money, but Has Buyer

Never mind that the Haifa tunnel system hasn't taken off, if only because of the high toll.

Even though Haifa's Carmel Tunnels have underperformed expectations, the private company Allied Holdings is seeking the state’s approval to buy out the share of the Ashtrom Group, bringing its holding to 50%. The other half is held by Shikun & Binui.