Shapir Engineering and Industry Ltd and CAF’s Project Finance Agreement


Barnea represented CAF in the transaction.

Shapir Engineering and its Spanish partner CAF announced signed a financial agreement for the construction and operation of a network of light rail lines in Jerusalem.

The project’s initial financing, amounting to nearly NIS 4 billion, will be led by Bank Hapoalim, with the participation of First International Bank of Israel, investment house Altshuler Shaham, and insurance company Migdal.

The Barnea team was led by Simon Jaffa (Picture) and Samuel Henry Samuel.

Involved fees earner: Simon Jaffa – Barnea & Co.; Samuel Henry Samuel – Barnea & Co.;

Law Firms: Barnea & Co.;

Clients: CAF (Construcciones Y Auxiliar de Ferrocarriles);

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Author: Michael Patrini.