Cab fares from Ben-Gurion International Airport are due to drop by 31 percent after a new pact goes into effect soon. Two companies — Gett, the Israeli founded cab-hailing app, and Hadar-Lod Taxi — will provide the service from the airport, after winning an Israel Airports Authority bid to do so.
The two companies were apparently the only ones to submit bids, according to the Israel Airports Authority, which revealed the identities of the winning bidders on Sunday.
For decades, Hadar-Lod Taxi had the exclusive right to provide taxi service from the aiport. Cab service to the airport is not regulated.
Bidders were required to commit to reducing taxi fares, operating a fleet of at least 250 cabs and providing a smartphone app for ordering a cab and paying the fare in advance with either an Israeli or foreign credit card.
It is estimated that more than a million cab rides a year are provided from the airport, located about 20 kilometers southeast of Tel Aviv.
The new pact with Gett and Hadar-Lod is to run from the time that it is formally signed with the Israel Airports Authority until 2022, with an option to renew it for another three years.