CAF - Construcciones y Auxiliar de Ferrocarriles
Full Text
Head office: C/ José Miguel Iturrioz, 26, 20200 Beasain, Spain. Tel.: +34-943-880100. Israeli office: Sapir Tower, Tuval 40, Ramat Gan, Israel.
Construcciones y Auxiliar de Ferrocarriles S.A, also known as CAF, is a publicly traded Spanish company specializing in designing and implementing transit systems, and manufacturing railway vehicles, equipment, and buses. CAF provides project and engineering management that include system design, civil work, signalling, electrification and other electromechanical systems, rolling stock supply and system operation and maintenance.
The Jerusalem Light Rail
CAF is the operator and developer of the Jerusalem Light Rail network and the supplier of its train cars. Together with its Israeli partner, Shapir Engineering and Industry, CAF holds the concession for the operation, extension and maintenance of the Jerusalem Light Rail network.
The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project, connecting large settlement blocks in occupied East Jerusalem to the center and west of the city. The project is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods, in order to create territorial continuity and ease settler movement on both sides of the Green Line.
Jerusalem Light Rail Extension Project
CAF Group is executing the Jerusalem Light Rail Extension Project.
In 2019, the CAF and Shapir consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the JLR extension, J-Net Project. The project, initially estimated at NIS 11 billion, includes the extension, operation and maintenance of the JLR Red Line, and the construction, operation and maintenance of the new Green Line. The project was financed by Hapoalim Bank.
The project consists of extending the JLR network by 27 kilometers and 53 new stations, passing through 7 settlement neighborhoods in occupied East Jerusalem, and the delivery of 114 trams manufactured by CAF. In addition to supplying new tram units, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
Through their joint consortium, CFIR Light Rail and LAVI Light Rail O&M, CAF and Shapir hold the concession for the operation and maintenance activity of the JLR’s Red and Green lines for an initial period of 25 years for maintenance and 15 years for operation, extendable up to 25 years.
CAF is in charge of system design, signalling, electrification, and other electromechanical systems and rolling stock supply, and its subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The Red Line
The JLR’s Red Line, operational since 2011, connects the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem to the city center, passing through the settlement neighborhoods of French Hill, Givat HaMivtar, Ramat Eshkol and Ma’alot Dafna.
CAF’s consortium, CFIR Light Rail, carried out the extension of the Red Line. On 9 March 2025, the extended Red Line was inaugurated with an additional seven kilometers of double tracks and 12 new stations, of which four new stations in the settlement neighborhoods of Neve Yaakov and Pisgat Ze’ev, and another eight stations in southwest Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which includes a parking structure for cars and trains with additional bus terminals, and the expansion of an already existing depot located in the French Hill settlement neighborhood, both on the Red Line route.
In November 2021, construction work in the settlement neighborhoods of Pisgat Ze’ev and Neve Ya’akov, and the construction of a new depot in Neve Ya’akov began. In January 2022, the laying of the track between the two settlement neighborhoods began. In May 2023, the company began operating test drives along the extended Red Line route to Neve Ya'akov.
The Green Line
The Green Line, currently under construction, will connect the settlement neighborhood of Gilo in south-western East Jerusalem to Mt. Scopus (Har HaTsofim) in northern East Jerusalem, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill. The line will stretch for about 20 km and will include 41 stations, significantly easing access between the settlements and the western part of the city.
In May 2025, CFIR began infrastructure work to connect the Green Line tracks to the Red Line track system at their tangent points. According to plans, the first part of the Green Line is expected to open to the public as early as 2026.
CAF trains
CAF provides its “Urbos 100” model train cars to the JLR Red and Green lines. The train cars are manufactured in Spain and assembled in Israel.
According to the J-Net tender, CAF is to design and provide 114 “Orbus 100” model train cars (57 sets of train pairs) for the new Green Line, and refurbish 46 trains that are already in service of the Red Line, at an estimated cost of EUR 3 million per train, a total of about NIS 1.2 billion.
In February 2025, CFIR completed the conversion of 19 new CAF Orbus trains and 5 older trains to the new command and control systems operating in the Red Line. The fleet is expected to grow, according to the company.
In 2024, CAF manufactured 30 out of a total order of 114 train units for JLR.
In May 2022, the first two Urbos trains arrived from CAF factory in Spain to the port of Ashdod and from there were sent to the depot in the French Hill settlement neighborhood. By March 2023, CAF delivered 13 new train cars for the JLR.
Funding from the Israeli Government
Between 2020 and 2025, CFIR Light Rail consortium received a total of NIS 1,476,136,521 from the Israeli Ministry of Transport for the Green Line project.
In 2025, CFIR Light Rail consortium received NIS 4,981,775 from the Ministry of Transport for the Green Line project; In 2024, CFIR received NIS 807,462,361; In 2023, NIS 353,657,895; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and in 2020, NIS 70,909,395.
In 2021, the company received additional NIS 806,062 from the ministry for the provision of light rail public transport service in Jerusalem.
In April 2022, the Jerusalem municipality signed an agreement with CAF and Shapir to reward the two companies with NIS 10 million for each month of advancement of work on the Green Line. The agreement stipulates that for every month that the company is ahead of schedule, it will receive NIS 5 million plus all income from the purchase of tickets, which was estimated at an additional NIS 5 million.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
In August 2022, Mizrahi Tefahot Bank granted Lavi Light Rail an unlimited lien and holds as collateral all of the company's rights in money, deposits, or assets that were or will be deposited in the company's bank account at Mizrahi Bank.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In April 2021, CAF contracted Spanish company GMV Innovating Solutions to provide Automatic Vehicle Location System and Depot Management System for the Jerusalem light rail project as part of the J-Net project.
Construcciones y Auxiliar de Ferrocarriles S.A, also known as CAF, is a publicly traded Spanish company specializing in designing and implementing transit systems, and manufacturing railway vehicles, equipment, and buses. CAF provides project and engineering management that include system design, civil work, signalling, electrification and other electromechanical systems, rolling stock supply and system operation and maintenance.
The Jerusalem Light Rail
CAF is the operator and developer of the Jerusalem Light Rail network and the supplier of its train cars. Together with its Israeli partner, Shapir Engineering and Industry, CAF holds the concession for the operation, extension and maintenance of the Jerusalem Light Rail network.
The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project, connecting large settlement blocks in occupied East Jerusalem to the center and west of the city. The project is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods, in order to create territorial continuity and ease settler movement on both sides of the Green Line.
Jerusalem Light Rail Extension Project
CAF Group is executing the Jerusalem Light Rail Extension Project.
In 2019, the CAF and Shapir consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the JLR extension, J-Net Project. The project, initially estimated at NIS 11 billion, includes the extension, operation and maintenance of the JLR Red Line, and the construction, operation and maintenance of the new Green Line. The project was financed by Hapoalim Bank.
The project consists of extending the JLR network by 27 kilometers and 53 new stations, passing through 7 settlement neighborhoods in occupied East Jerusalem, and the delivery of 114 trams manufactured by CAF. In addition to supplying new tram units, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
Through their joint consortium, CFIR Light Rail and LAVI Light Rail O&M, CAF and Shapir hold the concession for the operation and maintenance activity of the JLR’s Red and Green lines for an initial period of 25 years for maintenance and 15 years for operation, extendable up to 25 years.
CAF is in charge of system design, signalling, electrification, and other electromechanical systems and rolling stock supply, and its subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The Red Line
The JLR’s Red Line, operational since 2011, connects the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem to the city center, passing through the settlement neighborhoods of French Hill, Givat HaMivtar, Ramat Eshkol and Ma’alot Dafna.
CAF’s consortium, CFIR Light Rail, carried out the extension of the Red Line. On 9 March 2025, the extended Red Line was inaugurated with an additional seven kilometers of double tracks and 12 new stations, of which four new stations in the settlement neighborhoods of Neve Yaakov and Pisgat Ze’ev, and another eight stations in southwest Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which includes a parking structure for cars and trains with additional bus terminals, and the expansion of an already existing depot located in the French Hill settlement neighborhood, both on the Red Line route.
In November 2021, construction work in the settlement neighborhoods of Pisgat Ze’ev and Neve Ya’akov, and the construction of a new depot in Neve Ya’akov began. In January 2022, the laying of the track between the two settlement neighborhoods began. In May 2023, the company began operating test drives along the extended Red Line route to Neve Ya'akov.
The Green Line
The Green Line, currently under construction, will connect the settlement neighborhood of Gilo in south-western East Jerusalem to Mt. Scopus (Har HaTsofim) in northern East Jerusalem, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill. The line will stretch for about 20 km and will include 41 stations, significantly easing access between the settlements and the western part of the city.
In May 2025, CFIR began infrastructure work to connect the Green Line tracks to the Red Line track system at their tangent points. According to plans, the first part of the Green Line is expected to open to the public as early as 2026.
CAF trains
CAF provides its “Urbos 100” model train cars to the JLR Red and Green lines. The train cars are manufactured in Spain and assembled in Israel.
According to the J-Net tender, CAF is to design and provide 114 “Orbus 100” model train cars (57 sets of train pairs) for the new Green Line, and refurbish 46 trains that are already in service of the Red Line, at an estimated cost of EUR 3 million per train, a total of about NIS 1.2 billion.
In February 2025, CFIR completed the conversion of 19 new CAF Orbus trains and 5 older trains to the new command and control systems operating in the Red Line. The fleet is expected to grow, according to the company.
In 2024, CAF manufactured 30 out of a total order of 114 train units for JLR.
In May 2022, the first two Urbos trains arrived from CAF factory in Spain to the port of Ashdod and from there were sent to the depot in the French Hill settlement neighborhood. By March 2023, CAF delivered 13 new train cars for the JLR.
Funding from the Israeli Government
Between 2020 and 2025, CFIR Light Rail consortium received a total of NIS 1,476,136,521 from the Israeli Ministry of Transport for the Green Line project.
In 2025, CFIR Light Rail consortium received NIS 4,981,775 from the Ministry of Transport for the Green Line project; In 2024, CFIR received NIS 807,462,361; In 2023, NIS 353,657,895; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and in 2020, NIS 70,909,395.
In 2021, the company received additional NIS 806,062 from the ministry for the provision of light rail public transport service in Jerusalem.
In April 2022, the Jerusalem municipality signed an agreement with CAF and Shapir to reward the two companies with NIS 10 million for each month of advancement of work on the Green Line. The agreement stipulates that for every month that the company is ahead of schedule, it will receive NIS 5 million plus all income from the purchase of tickets, which was estimated at an additional NIS 5 million.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
In August 2022, Mizrahi Tefahot Bank granted Lavi Light Rail an unlimited lien and holds as collateral all of the company's rights in money, deposits, or assets that were or will be deposited in the company's bank account at Mizrahi Bank.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In April 2021, CAF contracted Spanish company GMV Innovating Solutions to provide Automatic Vehicle Location System and Depot Management System for the Jerusalem light rail project as part of the J-Net project.
CAF - Construcciones y Auxiliar de Ferrocarriles
Head office: C/ José Miguel Iturrioz, 26, 20200 Beasain, Spain.
Tel.: +34-943-880100.
Israeli office: Sapir Tower, Tuval 40, Ramat Gan, Israel.
Construcciones y Auxiliar de Ferrocarriles S.A, also known as CAF, is a publicly traded Spanish company specializing in designing and implementing transit systems, and manufacturing railway vehicles, equipment, and buses. CAF provides project and engineering management that include system design, civil work, signalling, electrification and other electromechanical systems, rolling stock supply and system operation and maintenance.
The Jerusalem Light Rail
CAF is the operator and developer of the Jerusalem Light Rail network and the supplier of its train cars. Together with its Israeli partner, Shapir Engineering and Industry, CAF holds the concession for the operation, extension and maintenance of the Jerusalem Light Rail network.
The Jerusalem Light Rail (JLR) network is a large-scale Israeli transport infrastructure project, connecting large settlement blocks in occupied East Jerusalem to the center and west of the city. The project is contingent on the expropriation of Palestinian land and the further territorial fragmentation of the city’s Palestinian neighborhoods, in order to create territorial continuity and ease settler movement on both sides of the Green Line.
Jerusalem Light Rail Extension Project
CAF Group is executing the Jerusalem Light Rail Extension Project.
In 2019, the CAF and Shapir consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the JLR extension, J-Net Project. The project, initially estimated at NIS 11 billion, includes the extension, operation and maintenance of the JLR Red Line, and the construction, operation and maintenance of the new Green Line. The project was financed by Hapoalim Bank.
The project consists of extending the JLR network by 27 kilometers and 53 new stations, passing through 7 settlement neighborhoods in occupied East Jerusalem, and the delivery of 114 trams manufactured by CAF. In addition to supplying new tram units, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
Through their joint consortium, CFIR Light Rail and LAVI Light Rail O&M, CAF and Shapir hold the concession for the operation and maintenance activity of the JLR’s Red and Green lines for an initial period of 25 years for maintenance and 15 years for operation, extendable up to 25 years.
CAF is in charge of system design, signalling, electrification, and other electromechanical systems and rolling stock supply, and its subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The Red Line
The JLR’s Red Line, operational since 2011, connects the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem to the city center, passing through the settlement neighborhoods of French Hill, Givat HaMivtar, Ramat Eshkol and Ma’alot Dafna.
CAF’s consortium, CFIR Light Rail, carried out the extension of the Red Line. On 9 March 2025, the extended Red Line was inaugurated with an additional seven kilometers of double tracks and 12 new stations, of which four new stations in the settlement neighborhoods of Neve Yaakov and Pisgat Ze’ev, and another eight stations in southwest Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which includes a parking structure for cars and trains with additional bus terminals, and the expansion of an already existing depot located in the French Hill settlement neighborhood, both on the Red Line route.
In November 2021, construction work in the settlement neighborhoods of Pisgat Ze’ev and Neve Ya’akov, and the construction of a new depot in Neve Ya’akov began. In January 2022, the laying of the track between the two settlement neighborhoods began. In May 2023, the company began operating test drives along the extended Red Line route to Neve Ya'akov.
The Green Line
The Green Line, currently under construction, will connect the settlement neighborhood of Gilo in south-western East Jerusalem to Mt. Scopus (Har HaTsofim) in northern East Jerusalem, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill. The line will stretch for about 20 km and will include 41 stations, significantly easing access between the settlements and the western part of the city.
In May 2025, CFIR began infrastructure work to connect the Green Line tracks to the Red Line track system at their tangent points. According to plans, the first part of the Green Line is expected to open to the public as early as 2026.
CAF trains
CAF provides its “Urbos 100” model train cars to the JLR Red and Green lines. The train cars are manufactured in Spain and assembled in Israel.
According to the J-Net tender, CAF is to design and provide 114 “Orbus 100” model train cars (57 sets of train pairs) for the new Green Line, and refurbish 46 trains that are already in service of the Red Line, at an estimated cost of EUR 3 million per train, a total of about NIS 1.2 billion.
In February 2025, CFIR completed the conversion of 19 new CAF Orbus trains and 5 older trains to the new command and control systems operating in the Red Line. The fleet is expected to grow, according to the company.
In 2024, CAF manufactured 30 out of a total order of 114 train units for JLR.
In May 2022, the first two Urbos trains arrived from CAF factory in Spain to the port of Ashdod and from there were sent to the depot in the French Hill settlement neighborhood. By March 2023, CAF delivered 13 new train cars for the JLR.
Funding from the Israeli Government
Between 2020 and 2025, CFIR Light Rail consortium received a total of NIS 1,476,136,521 from the Israeli Ministry of Transport for the Green Line project.
In 2025, CFIR Light Rail consortium received NIS 4,981,775 from the Ministry of Transport for the Green Line project; In 2024, CFIR received NIS 807,462,361; In 2023, NIS 353,657,895; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and in 2020, NIS 70,909,395.
In 2021, the company received additional NIS 806,062 from the ministry for the provision of light rail public transport service in Jerusalem.
In April 2022, the Jerusalem municipality signed an agreement with CAF and Shapir to reward the two companies with NIS 10 million for each month of advancement of work on the Green Line. The agreement stipulates that for every month that the company is ahead of schedule, it will receive NIS 5 million plus all income from the purchase of tickets, which was estimated at an additional NIS 5 million.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
In August 2022, Mizrahi Tefahot Bank granted Lavi Light Rail an unlimited lien and holds as collateral all of the company's rights in money, deposits, or assets that were or will be deposited in the company's bank account at Mizrahi Bank.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In April 2021, CAF contracted Spanish company GMV Innovating Solutions to provide Automatic Vehicle Location System and Depot Management System for the Jerusalem light rail project as part of the J-Net project.
Ownership
The company is publicly traded on the Bolsas y Mercados Españoles Stock Exchange under the ticker symbol: CAF
Major shareholders include: Cartera Social SA (23.75%), Kutxabank SA (13.23%), Daniel Bravo Andreu (5.23%), Indumenta Pueri SL (5.02%), Instituto Vasco de Finanzas SL (3%), Amundi Asset Management SASU (Investment Management) (1%).
Chairman: Andrés Arizkorreta García
CEO: Javier Martínez Ojinaga
Subsidiaries
The company has 119 subsidiaries worldwide.
Israeli subsidiaries include: CAF Israel Rails Ltd. (100%), CFIR Light Rail Ltd. (50%), LAVI Light Rail O&M Ltd. (50%), Blue and White - Blue Line Jerusalem Light Rail, Ltd. (50%), SHACHAF - The Purple Line Light Rail Ltd. (50%), PL Light Rail Maintenance, Ltd. (50%).
Partners
Shapir Engineering and Industry, Hapoalim Bank, Mizrahi Tefahot Bank, Salvat Logistica, GMV Innovating Solutions
* This section refers to the company's general business partners
Company Response
Settlements
Global Presence
Global Presence
Algeria | Argentina | Australia | Austria | Belgium | Brazil | Chile | China | Colombia | Czech Republic | Denmark | France | Germany | Greece | Hungary | India | Italy | Latvia | Lithuania | Mauritius | Mexico | Netherlands | New Zealand | Norway | Poland | Romania | Saudi Arabia | Slovakia | Spain | Sweden | Switzerland | Turkey | United Kingdom | USA | Venezuela