News Brief

(IsraelNN.com) A firm headed by Shari Arison, who is the major stock holder of Bank HaPoalim and who has vowed to invest in projects to help relieve Israel's water shortage, has won a major desalination project. Her Blue-Green Development and Investment company will build and operate a plant for Kibbutz Kfar Masaryk in the Galilee.

The plant will desalinate water from two rivers by using reverse osmosis technology. Construction cost is estimated at 40 million shekels ($11 million). Blue-Green also is involved in water management and renewable energy and is the country's largest private sewage treatment company for local towns and councils, Globes reported.