The Haifa municipality owned company «Yafe Nof» began work on the construction of a funicular on mount Carmel, which connects the Central bus station Haifa Bay («Merkazit a-mirac») and by the University of Haifa «Technion».
Completion is planned by 2020. Project cost – 280 million shekels.
In the first stage, the funicular railway will run 76 booths Austrian production, which can carry up to 1,200 passengers per hour. In the second stage, the throughput capacity of the funicular is planned to double.
The funicular will be built into the urban transport system and will allow students to avoid traffic jams on the way to University campuses.