As the Israeli daily Haaretz reported on 23 October, Dan has bought a 49 percent share in Veolia's contract with the City Pass Consortium to operate the light rail in Jerusalem, which connects the city to illegal Israeli settlements built on seized Palestinian land in the occupied West Bank. After it runs the light rail for five years, Dan will buy out Veolia's 51 percent share in the 30-year contract, as well as Veolia's five percent share in the City Pass Consortium.
The City Pass Consortium consists of four Israeli companies and the French companies Connex, a subsidiary of Veolia Transport, and Alstom. Dan will need the full support of Veolia to successfully run the light rail for the next five years because of Dan's lack of experience in this area. As a major shareholder, Veolia will provide the crucial expertise to Dan and continue to be a key player in the light rail project.
Click here to read the complete article by Adri Nieuwhof, The Electronic Intifada, 24th November 2009