THE US-ISRAEL - Legal Review 2026

83 Beyond the headline metro and energy privatizations, Israel has nearly 30 years of successful BoT (BuildOperate-Transfer) project delivery, and maintains an active pipeline spanning water, waste-to-energy, gas infrastructure, and light rail, all progressing through familiar concession structures with clear risk allocation and transparent procurement. Current opportunities span: » Desalination: Following the success of Sorek B, the Ashkelon 2 facility is slated for tendering to meet rising water demand. » Light Rail Expansion: Complementing the Metro, the Haifa-Nazareth (Nofit) Light Rail and the Blue Line in Jerusalem are progressing through PPP procurement stages. » Energy Storage: The Ministry of Energy continues to roll out dedicated tenders for standalone BESS to support grid stability. » Gas Infrastructure: New pipelines and expansion projects for offshore fields continue to create opportunities for long-duration contracts. » Waste - Neot Hovav, Israel’s first inter-ministerial waste-to-energy project, was awarded to BlueGen Water-Shapir Group-Dekel consortium under a 25-year PPP concession to process 300,000 tons of waste annually. The Opportunity: Israel’s mature infrastructure financing framework, built on decades of refined PPP and BOT models, offers a familiar and bankable environment for US investors. Projects have continued largely uninterrupted despite regional conflict, reflecting the structural resilience of the asset class. Why Israel Now? Israel’s mature infrastructure financing framework is built on two decades of refined PPP and BoT models. Projects feature disciplined risk allocation and transparent procurement processes. For US investors accustomed to large-scale concessions, Israel offers a familiar, sophisticated legal and financial environment capable of supporting long-term project finance even in complex geopolitical climates. Author info: Amnon Epstein is a co-founding partner at ERM and Head of the firm’s Energy & Infrastructure and Banking & Finance practices. He advises financial institutions, developers, sponsors, contractors and public entities on complex financings and major energy and infrastructure projects in Israel and internationally. “Israel is therefore a market in which storage is not merely fashionable policy language. It is a structural requirement.” ISRAEL — FINANCING

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