Israel Development Ministry Schedules Three New Projects at $155 Million Cost

The Israel Development Ministry was reported today to be embarking on three projects entailing an investment of $155 million and to be planning to spend an additional $33.5 million on three other projects awaiting confirmation.

The scheduled projects, to be completed in the next three years, call for doubling the production of potash in the Dead Sea Works, construction of a chemical combine in Arad and building of a new 42,000 kilowatt electric power station in Tel Aviv.

The doubling of Dead Sea potash output to 1.2 million metric tons annually will cost $42 million, it was indicated. The Arad complex will produce 160,000 tons of phosphoric acid and will be built on a 50-50 basis with the Madera Company of Delaware at an expected cost of $50 million.

The three projects awaiting confirmation are the opening of a new phosphate deposit operation at Ein Yahav in the Negev, production of ammonia and urea by Chemical and Phosphates Company of Haifa and development work at the Timna copper mines.

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