WSJ: Amid U.S. Pressure, Israel Rejects Chinese Bid for Major Infrastructure Project
Sun June, 2020, Age: 3 years
Israel awarded the contract for a major infrastructure project to a local company, avoiding getting entangled in the escalating tensions between the U.S. and China. The move comes as the Trump administration presses Israel and other allies to take a tougher line on Chinese investments, particularly in areas involving a security risk.
Several companies, including one from China, had bid to build what is slated to be the world’s largest desalination plant near an Israeli military base that is also used by the U.S. Israeli officials said the decision on the plant, Israel’s sixth, came down to cost. The Israeli bid would save consumers more than $900 million over the lifetime of the plant, they said.