Jerusalem, 27 August, 2025 (TPS-IL) — A master plan agreement was signed in Yokneam in northern Israel that will double the city’s population and include an addition of over 6,000 housing units and investments of approximately 1.7 billion Shekels ($510 million) in infrastructure development, public institutions, and urban rehabilitation.
Approximately 1.4 billion Shekels ($420 million) will be allocated for development and infrastructure work in the new neighborhoods, including superstructure, transportation, drainage, canalization, water, electricity, and development of public areas. In addition, approximately 220 million Shekels ($66 million) will be directed to the establishment of new public institutions and the upgrading of existing institutions, as well as approximately 85 million Shekels ($25 million) for upgrading infrastructure in the old city – as part of the “old meets new” policy.
The new agreement also includes a unique outline for Cooperation between the Ministry of Construction and Housing and the Yokneam Municipality, designed to ensure optimal absorption of new residents alongside the development of supporting organizations, quality infrastructure, and the expansion of municipal services.