In August 2015, Veolia Environnement’s subsidiary, Transdev, has sold all of its holdings in the Jerusalem Light Rail (JLR) to a group of Israeli investors. The approval of the deal by the Israeli authorities marked the end of Veolia’s operations in the Israeli market in general, and its involvement in the controversial JLR project in particular. Who Profits Research Center can now confirm that all ownership transfers have been completed; therefore, Veolia Environnement, Transdev and CDC are removed from our database.
Until August 2015, Trasndev, a subsidiary of Veolia Environnement, held a minority interest (5%) in CityPass, a consortium that won the tender by the Israeli government to build the JLR, as well as full ownership (100%) of the train’s operator – Connex Jerusalem. The JLR, which began operating in December 2011, was designed to connect the western part of Jerusalem to the illegal settlements surrounding the city. Its route crosses the Green Line and passes through the Palestinian neighborhoods of Shuafat and Beit Hanina.
On 2 September 2014, Transdev (formerly: Veolia Transdev) signed a contract with the CityPass consortium for the sale of Connex Jerusalem and Transdev’s 5% share in CityPass. The buyer, CityPass, comprises three Israeli shareholders: The Ashtrom Group; IIF – Israel Infrastructure Fund; and Harel Insurance Investments & Financial Services.
Last August, the Who Profits Research Center revealed that the deal was fulfilled and that the sale of Connex Jerusalem, together with the 5% share of CityPass, reached completion. For further information, see the Who Profits update from August 2015.
According to data by the Israeli Companies Registrar, 100% of Connex Jerusalem shares were transferred from Transdev to an Israeli holding company, jointly owned by the Ashtrom Group, IIF and Harel Insurance. However, contradicting reports regarding the fate of Trandev’s 5% share in CityPass generated certain ambiguity concerning the identity of the current owners of these shares.
New information, published by the Registrar of Companies on 6 September 2015, reveals that Trandev’s former 5% share in CityPass was split into two equal parts and bought by Ashtrom and IIF. This last piece of information dispels any doubt that Veolia Environnement is no longer active in the Israeli market and in the occupied Palestinian territories. Therefore, the company, its subsidiary Tarnsdev and its partner CDC, are removed from the Who Profits database.
Nevertheless, it is important to note that Veolia has left behind irreversible facts on the ground. The construction of the railway involved the expropriation of occupied land and not for the benefit of the occupied population, in contravention of international law and the Fourth Geneva Convention. The JLR continues to serve Jewish settlement neighborhoods in occupied East Jerusalem, while passing every day through the Palestinian neighborhoods of Beit Hanina and Shuafat. In this manner, it will continue to play a substantial role in the reinforcement of Israeli sovereignty over occupied East Jerusalem for years to come.
Greenwashing 16
- Agribusiness as Usual: Agricultural Technology and the Israeli Occupation
- Electricity Markets and Israeli Politics of Debt
- Greenwashing the Golan: The Israeli Wind Energy Industry in the Occupied Syrian Golan
- Greenwashing the Naqab: The Israeli Industry of Solar Energy
- Greenwashing the Occupation: The Solar Energy Industry and the Israeli Occupation
- Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights
- Israeli Solar Fields in the West Bank
- Mekorot’s Involvement in the Israeli Occupation
- Occupational Hazards: The Eco-politics of the Israeli Occupation
- Plundering the Sun: The Israeli Solar Energy Industry and Palestinian Forced Displacement
- SodaStream Update | May 2013
- Tools of Dispossession in the Naqab - Virtual Launch Event
- Two Occupation Profiteers Collaborate in a Joint Sale
- Veolia Environnement Sells Water, Waste and Energy Activities in Israel and the OPT
- Veolia's Involvement in the Occupied Jordan Valley: An Update
- الغسيل الأخضر للجولان: السوق الإسرائيلية للطاقة المولّدة من الرياح في الجولان السوري المحتل
- Developments in the expansion of the JLR network: The J-Net project
- Expanding Annexation: The Jerusalem Light Rail
- Eye in the Sky: New Aerial Surveillance Systems and the Jerusalem Light Rail
- Infrastructures of Dispossession and Control: Transport Development in East Jerusalem
- Insuring Dispossession: The Complicity of Five Israeli Insurance and Pension Companies in the Violation of Palestinian Rights
- Spanish multinational CAF and Israeli Shapir win tender to expand the Jerusalem light rail
- The Israeli Exploitation of Palestinian Natural Resources: Part III: Ashtrom
- The Jerusalem Light Rail: The J-Net project
- Tracking Annexation: The Jerusalem Light Rail and the Israeli Occupation
- Veolia Sells Its Shares in the Jerusalem Light Rail and Completes Withdrawal from the Israeli Market
- Veolia Tries to Sell Its Activities in Israel: Two Reported Deals Are Still Pending
- Veolia's Activities in Israel and the OPT: An Overview
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