More than a decade after winning the tender for the construction and operation of the Jerusalem Light Rail (JLR), Veolia Environnement’s subsidiary, Transdev, has sold all of its holdings in the JLR to a group of Israeli investors.

The approval of the deal by the Israeli authorities and the completion of the ownership transfer, earlier this month, mark an end to Veolia’s operations in the Israeli market in general and to its involvement in the controversial JLR project in particular.