Manufacturers' Association: The damage to the economy from 3 days of fighting is NIS 540 million

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by Ifi Reporter Category:Capital Market May 13, 2021

President of the Manufacturers' Association Ron Tomer The damage to the entire economy from the three days of fighting is estimated at five hundred and forty million shekels. According to him, the Israeli industry continues to produce under fire with a poorer presence of workers
The Manufacturers' Association's estimate is based on the assumption that about a third of the employed in the south of the country were absent from work and ten percent of the workers in the center of the country
Following the riots and riots across the country: tens of millions of shekels in damage to transportation infrastructure and disruptions in the public transportation service

President of the Manufacturers' Association Ron Tomer The damage to the entire economy from the three days of fighting is estimated at five hundred and forty million shekels. According to him, the Israeli industry continues to produce under fire with a poorer presence of workers
The Manufacturers' Association's estimate is based on the assumption that about a third of the employed in the south of the country were absent from work and ten percent of the workers in the center of the country
Following the riots and riots across the country: tens of millions of shekels in damage to transportation infrastructure and disruptions in the public transportation service
Since the beginning of the escalation, more than 150 public transport buses have been hit. With the exception of one Egged bus that was hit as a result of a missile hit, the other buses were hit as a result of riots and stone-throwing. These are about 60 buses from Egged and Kavim, 9 buses from Metropolis, 5 buses from Superbus, 4 buses from Netiv Express, 3 buses from Afikim, and 1 bus from Gibby Tours.
The buses were damaged by riots all over the country, including Jerusalem, Haifa, Ramla, Lod, Holon, Jaffa, Arad, Segev Shalom, Ramat Hovav, Yafia, Ivtin, Jisr a-Zarqa, Pardis, Umm al-Fahm, Bekaa Jat , Bat Ayin, Tal El, Eshkol Shomron, Araba, Triangle localities, Zemer, Shoket, Lakia, Klanswa, Arara in the Negev, Road 40 from Be'er Sheva-Yeruham, Umm al-Ghanem, Basmat Tivon, Sakhnin, Wadi Ara, Kfar Manda, Yafia, Mashhad, Kfar Kanna, Turan, Sakhnin, Shefar'am and more.
Due to the riots, much damage was done to the transportation infrastructure, which is estimated at tens of millions of shekels. These include displacing traffic lights, electricity poles and lighting, burning bus stops and communication centers. Due to the damage, Road 31 from the Tel Arad junction to the Meitar interchange was blocked to traffic and other roads throughout the country are blocked for a while.
During the riots that took place last night in the area of ​​the train station in Acre, infrastructure and communication cables for the management of train traffic were damaged. Therefore, until the damage is repaired, trains in the northern region will end their operations at the Acre station, and from there a free transportation system will be set up between the Acre station and the train station in Nahariya.
In addition, riots in Lod led to damage to the electrification infrastructure of the railway line between Lod and Tel Aviv, and several fences of the light rail on Jerusalem Boulevard in Jaffa and Bat Yam were damaged, and there was an attempt to set fire to work materials in the area.
Like that, following the security situation. Many roads in the Gaza Envelope were blocked to traffic, including Road 4 from the Zikim junction to the south, Road 34 from the Yad Mordechai junction to the Sderot junction in both directions and Road 232 from the Mefalsim junction to the Kerem Shalom junction, in both directions.
The Ministry of Transportation emphasizes that due to disturbances, significant changes are expected in the public transportation service throughout the country.

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