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Monday, 22 January 2018 14:51

Building Moreshet Neighborhood

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Building Moreshet Neighborhood Photo courtesy Dovrut Modiin Maccabim Reut

This week the bulldozers and tractors began to break ground in the Moreshet neighborhood. The neighborhood, formerly known as Area P, is being built to the west of Avnei Chen, across inner-city route 3 and north of Nofim. The infrastructure work being carried out by the Economic and Development Company includes sewage, electricity for the roads, etc. After the completion of the infrastructure work, the companies that won tenders for the construction of the housing units will begin working.

Moreshet is being built on about 1,686 dunams, making it one of the largest neighborhood in the city with 4,200 housing units. There are 2,529 apartments that are set aside for low-cost housing and at least 20% of those for residents of Modiin Maccabim Reut. There will be five schools and 25 preschools. There will be a bike path next to the roads, at a cost of 600 million shekels. The naming committee chose the name “Moreshet” and the street names will be for events, customs or people that impacted the country in different areas.

The building in Moreshet joins the list of building projects currently underway around the city including in Cramim, Moriah, Tziporim, the City Center and Nofim. Work on 6000 housing units in Givat Sher will join the list in the future. The Moreshet neighborhood is part of the agreement signed in January 2014 between the Israel Land Authority, Ministry of Finance and the Ministry of Housing and Construction and Iriyat Modiin Maccabim Reut. As per the agreement, the land of the new neighborhoods will be developed by the city’s Economic and Development Company, with Moreshet being the third neighborhood of the agreement, after Nofim and the City Center. The fourth neighborhood will be Givat Sher.

The umbrella agreement stipulates that the project budget will be managed as a development budget, in a closed financial market, exclusively for the development of the city, and it is not dependent on the national budget or its approval. The Israel Land Authority will transfer funds to the Iriyah in stages, the budget is estimated at hundreds of millions of shekels. As part of the agreement, the Iriyah will undertake the planning and building of the public institutions in accordance with the timetables, so that the buildings will be ready when residents move in, with schools and preschools completed as residents move into the neighborhood.

map Moreshet

 

Last modified on Thursday, 25 January 2018 16:10
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