Israel Ports Development & Assets Company
Israel Ports Development & Assets Company Ltd. (IPC) Ltd. is responsible for the development of Israel’s three commercial seaports in Haifa, Ashdod and Eilat, and for providing the necessary infrastructure which will allow the ports to efficiently and competitively handle Israel’s international maritime trade. In addition to managing some of the country’s largest infrastructure development projects, the company acts as Israel’s port property landlord, managing the government’s assets allocated for the facilitation of its international maritime commerce. The Company's financial stability is reflected by its AAA rating.
As an arm of the State, the IPC carries out its mission placing great weight on the nation’s priority to develop modern, competitive and efficient ports that would facilitate economic growth. The ambitious development program promoted by the company will position Israel’s ports among the best in the Mediterranean and will change the face of Israel’s port industry.
Photographer: Warhaftig Venezian
Investing in the Present – Looking to the Future
Israel’s seaports handle 98% of the country’s import and export cargo. Despite the global economic crisis, Tthe Israeli economy remains strong and all indications point to continued growth in international trade and, by extension, port traffic. Container traffic is expected to climb from 2.3 to over 6 million TEU by 2030. The development of port infrastructure to handle this growth is critical to the nation’s continuing economic success. The IPC faces the enormous challenge of providing the infrastructure required to handle the forecasted traffic. In order to meet that challenge, it has prepared a strategic port development master plan.
In parallel to the development of the seaport's physical infrastructure, the IPC has been analyzing impediments to the smooth flow of Israel's international trade and is active in promoting other solutions that will improve the nation’s trade competitiveness, especially in regard to the logistics and supply chain.
Strategic Development Master Plan
The IPC’s long term strategic development master plan has a 50 year planning horizon, with interim short and mid-term development stages. The plan creates a framework for realizing one of the port reform’s primary goals –
the involvement of the private sector and stimulation of a competitive environment. On May 27, 2007, the Israeli government authorized the IPC to move ahead with first phase development planning and design of new container terminals in each port estimated to cost in excess of $1 billion each, with the goal of bringing both of the terminals into operations during the coming decade.
The company is well into a multi-billion NIS, multi-year development program which includes its two flagship projects: Ashdod’s “Eitan” terminal and Haifa’s Carmel terminal.
Ashdod’s “Eitan" terminal (named after Lt. Gen Rafael Eitan) is one of the country’s largest infrastructure projects with a total estimated cost of
NIS 3 billion. The Ashdod Port Company commenced operations of the facility during 2005. The project features a 1,150 meter breakwater extension and 1,700 meters of new quay with up to 15.5m water depth alongside. State-of-the-art technology and new computer systems have been deployed to facilitate more efficient handling, storage and delivery of cargo. The IPC recently completed and turned over to the APC the final elements of the project: a new security and operational gate. It is also working on a new railway terminal.
Haifa’s "Carmel" terminal – The IPC completed the project during 2009. The NIS 1 billion project included the construction of a 700 meter container terminal with waterside depth of 15.5 meters. The new terminal is equipped with six super Post-Panamax cranes and 12 rail mounted container stacking cranes.
A state-of-the-art gate will feature advanced technology that will allow for automatic identification of cargoes, vehicles and drivers.
In addition to the above two projects, the IPC has carried out and is moving forward with many other construction and development projects in the operational and hinterland areas at the three ports:
Property Management, Maintenance & Supervision
The Israel Ports Company is responsible for the management of port real estate, including supervision and oversight of their use and maintenance. It also plans long-term national land requirements for port activities and is active in securing land that will be needed in the future.
The IPC manages numerous real estate contracts covering such facilities as the Israel Shipyards, Haifa and Ashdod grain terminals, Oil & Energy Infrastructure Company’s distillate terminal and many others. It is currently developing a new port related industrial park – the Israel Ports Park - in Ashdod’s hinterland, close to the operational port for the purpose of facilitating the private sector’s development of various port related services,
In collaboration with the port operating companies, Shipping and Ports Administration and others, the IPC is responsible for upgrading technology deployed at Israel’s ports. The goal of this upgrade is to provide the ports with the necessary tools to improve productivity and create the IT infrastructure necessary to facilitate effective competition, both in terms of price and service. Some of the most important technology projects include the state-of-the-art port gates; TOS – Computerized Terminal Operations System; Israel Maritime Community Supply Chain Management System (promoting the use of standard EDI messages between members of the maritime community); and the national port data bank.
Photographer: Ran Zelikovitch