JERUSALEM (Jul. 10)
Israel’s Port Authority, the first public corporation here, which will take over the operation and development of port facilities of all of Israel’s principal harbors, held its first meeting here last night. The Authority’s executive council, headed by David Hacohen, diplomat and member of Parliament, elected the former Chief of Staff, Brigadier Haim Laskow, as director-general.
Addressing the session, Minister of Transport and Communications Yitzhak Ben-Aharon announced that the Government will invest 100,000,000 Israeli pounds ($56,000,000) in Israeli harbor developments. Large investments in these projects were previously announced by the International Bank for Reconstruction and Development and by a syndicate of private investments.