CAF- Construcciones y Auxiliar de Ferrocarriles
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Head office: C/ José Miguel Iturrioz, 26 20200 Beasain (Guipúzcoa), Spain. Tel.: +34 943 880 100
Construcciones y Auxiliar de Ferrocarriles S.A 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 the supplier of the train cars 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.
CAF, together with its Israeli partner, Shapir Engineering and Industry, holds 50% in CFIR Light Rail Ltd., the consortium operating the Jerusalem Light Rail network, and 50% in LAVI Light Rail O&M Ltd. (formerly J-Net O&M Ltd), the Operation and Maintenance contractor of the project.
CAF is a party of the EPC (engineering, procurement, and construction) consortium, the entity in charge of the Design and Build of the Project that includes system design, signalling, electrification, and other electromechanical systems and rolling stock supply. CAF is mainly in charge of the supply of train cars.
Through their joint consortium, CAF and Shapir hold the concession for the operation and maintenance of the JLR’s Red (starting April 2021) and Green lines for a period of 15 years (extendable up to 25 years) and 25 years, respectively. CAF's subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The J-Net Project
CAF, through its consortium, carries out the operation, expansion and upgrade of the JLR network, the J-Net Project.
In 2019, the CFIR Light Rail consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the J-Net project.
The J-Net project, 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 includes the expansion of the JLR network by about 30 km of double tracks with about 30 new train stations, and the delivery of new trams manufactured by CAF.
According to the J-Net tender, CAF will 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 addition to supplying new trams, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
In 2023, CAF manufactured 135 train cars for the JLR. By March 2023, CAF has delivered 13 new train cars for the JLR, and is expected to deliver the remaining by the year 2025.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In May 2022, two CAF trains new model URBOS100 arrived from CAF factory in Spain to the port of Ashdod and from there to the depot in the French Hill settlement neighborhood. Additional trains that will arrive will be absorbed in the new depot in Neve Ya’akov settlement neighborhood.
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.
The J-Net project was financed by Hapoalim Bank.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
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, carries out the extension of the Red Line including the construction of seven additional kilometers of double tracks and 12 new stations between the settlement neighborhoods of Pisgat Ze`ev and Neve Yaakov in East Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which will include 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 June 2024, CFIR demanded from the Ministry of Finance about NIS 700 million for the opening of the Red Line extensions. The opening of the extensions has been postponed and is currently scheduled for November 2024.
In May 2023, the company began operating test drives along the extended Red Line route reaching Neve Ya'akov, which will continue until the full commercial operation of the line.
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.
The Green Line
The JLR’s Green Line, currently under construction, will connect the settlement neighborhood of Gilo to Mt. Scopus, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill, significantly easing access between the settlements and the western part of the city. The operation of the Green Line extensions is expected to open in 2025.
CFIR has carried out the laying of rails, concrete casting and electrification along the Red Line and the Green Line’s routes, and is expected to soon begin work in the Gilo settlement neighborhood area.
In 2024, CFIR Light Rail consortium received NIS 228,748,517 from the Ministry of Transport for the Green Line project.
In 2023, the consortium received NIS 353,657,895 from the ministry for the Green Line project; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and NIS 70,909,395 in 2020. 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 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 is 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.
Construcciones y Auxiliar de Ferrocarriles S.A 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 the supplier of the train cars 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.
CAF, together with its Israeli partner, Shapir Engineering and Industry, holds 50% in CFIR Light Rail Ltd., the consortium operating the Jerusalem Light Rail network, and 50% in LAVI Light Rail O&M Ltd. (formerly J-Net O&M Ltd), the Operation and Maintenance contractor of the project.
CAF is a party of the EPC (engineering, procurement, and construction) consortium, the entity in charge of the Design and Build of the Project that includes system design, signalling, electrification, and other electromechanical systems and rolling stock supply. CAF is mainly in charge of the supply of train cars.
Through their joint consortium, CAF and Shapir hold the concession for the operation and maintenance of the JLR’s Red (starting April 2021) and Green lines for a period of 15 years (extendable up to 25 years) and 25 years, respectively. CAF's subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The J-Net Project
CAF, through its consortium, carries out the operation, expansion and upgrade of the JLR network, the J-Net Project.
In 2019, the CFIR Light Rail consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the J-Net project.
The J-Net project, 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 includes the expansion of the JLR network by about 30 km of double tracks with about 30 new train stations, and the delivery of new trams manufactured by CAF.
According to the J-Net tender, CAF will 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 addition to supplying new trams, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
In 2023, CAF manufactured 135 train cars for the JLR. By March 2023, CAF has delivered 13 new train cars for the JLR, and is expected to deliver the remaining by the year 2025.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In May 2022, two CAF trains new model URBOS100 arrived from CAF factory in Spain to the port of Ashdod and from there to the depot in the French Hill settlement neighborhood. Additional trains that will arrive will be absorbed in the new depot in Neve Ya’akov settlement neighborhood.
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.
The J-Net project was financed by Hapoalim Bank.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
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, carries out the extension of the Red Line including the construction of seven additional kilometers of double tracks and 12 new stations between the settlement neighborhoods of Pisgat Ze`ev and Neve Yaakov in East Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which will include 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 June 2024, CFIR demanded from the Ministry of Finance about NIS 700 million for the opening of the Red Line extensions. The opening of the extensions has been postponed and is currently scheduled for November 2024.
In May 2023, the company began operating test drives along the extended Red Line route reaching Neve Ya'akov, which will continue until the full commercial operation of the line.
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.
The Green Line
The JLR’s Green Line, currently under construction, will connect the settlement neighborhood of Gilo to Mt. Scopus, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill, significantly easing access between the settlements and the western part of the city. The operation of the Green Line extensions is expected to open in 2025.
CFIR has carried out the laying of rails, concrete casting and electrification along the Red Line and the Green Line’s routes, and is expected to soon begin work in the Gilo settlement neighborhood area.
In 2024, CFIR Light Rail consortium received NIS 228,748,517 from the Ministry of Transport for the Green Line project.
In 2023, the consortium received NIS 353,657,895 from the ministry for the Green Line project; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and NIS 70,909,395 in 2020. 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 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 is 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.
CAF- Construcciones y Auxiliar de Ferrocarriles
Head office: C/ José Miguel Iturrioz, 26 20200 Beasain (Guipúzcoa), Spain. Tel.: +34 943 880 100
Construcciones y Auxiliar de Ferrocarriles S.A 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 the supplier of the train cars 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.
CAF, together with its Israeli partner, Shapir Engineering and Industry, holds 50% in CFIR Light Rail Ltd., the consortium operating the Jerusalem Light Rail network, and 50% in LAVI Light Rail O&M Ltd. (formerly J-Net O&M Ltd), the Operation and Maintenance contractor of the project.
CAF is a party of the EPC (engineering, procurement, and construction) consortium, the entity in charge of the Design and Build of the Project that includes system design, signalling, electrification, and other electromechanical systems and rolling stock supply. CAF is mainly in charge of the supply of train cars.
Through their joint consortium, CAF and Shapir hold the concession for the operation and maintenance of the JLR’s Red (starting April 2021) and Green lines for a period of 15 years (extendable up to 25 years) and 25 years, respectively. CAF's subsidiary, CFIR, carries out rail laying, concrete pouring, and electrification of the JLR Red and Green Lines.
The J-Net Project
CAF, through its consortium, carries out the operation, expansion and upgrade of the JLR network, the J-Net Project.
In 2019, the CFIR Light Rail consortium won a tender from the Israeli Ministry of Finance, the Ministry of Transportation and the Jerusalem Municipality for the J-Net project.
The J-Net project, 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 includes the expansion of the JLR network by about 30 km of double tracks with about 30 new train stations, and the delivery of new trams manufactured by CAF.
According to the J-Net tender, CAF will 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 addition to supplying new trams, CAF is carrying out the refurbishment of 46 units currently in service, including signalling, energy and communications systems, and project integration.
In 2023, CAF manufactured 135 train cars for the JLR. By March 2023, CAF has delivered 13 new train cars for the JLR, and is expected to deliver the remaining by the year 2025.
In 2022, CAF contracted the Spanish company Salvat Logistica to co-manage the maritime transport of the train cars for the JLR project.
In May 2022, two CAF trains new model URBOS100 arrived from CAF factory in Spain to the port of Ashdod and from there to the depot in the French Hill settlement neighborhood. Additional trains that will arrive will be absorbed in the new depot in Neve Ya’akov settlement neighborhood.
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.
The J-Net project was financed by Hapoalim Bank.
For more on the J-Net project see Who Profits’ Update: Developments in the expansion of the JLR network: The J-Net project.
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, carries out the extension of the Red Line including the construction of seven additional kilometers of double tracks and 12 new stations between the settlement neighborhoods of Pisgat Ze`ev and Neve Yaakov in East Jerusalem.
The project also includes the establishment of a two-story depot in the Neve Ya’akov settlement neighborhood which will include 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 June 2024, CFIR demanded from the Ministry of Finance about NIS 700 million for the opening of the Red Line extensions. The opening of the extensions has been postponed and is currently scheduled for November 2024.
In May 2023, the company began operating test drives along the extended Red Line route reaching Neve Ya'akov, which will continue until the full commercial operation of the line.
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.
The Green Line
The JLR’s Green Line, currently under construction, will connect the settlement neighborhood of Gilo to Mt. Scopus, passing through the city center and the settlement neighborhoods of Ramat Eshkol, Ma’alot Dafna and the French Hill, significantly easing access between the settlements and the western part of the city. The operation of the Green Line extensions is expected to open in 2025.
CFIR has carried out the laying of rails, concrete casting and electrification along the Red Line and the Green Line’s routes, and is expected to soon begin work in the Gilo settlement neighborhood area.
In 2024, CFIR Light Rail consortium received NIS 228,748,517 from the Ministry of Transport for the Green Line project.
In 2023, the consortium received NIS 353,657,895 from the ministry for the Green Line project; in 2022, NIS 136,422,910; in 2021, NIS 102,702,185; and NIS 70,909,395 in 2020. 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 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 is 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.
Ownership
The company is publicly traded on the Bolsas y Mercados Espaoles (BME) Stock Exchange under the ticker symbol: CAF (BME:CAF).
Major shareholders include: Cartera Social SA (24.04), Kutxabank SA (14.06%), Indumenta Pueri SL (5.02%), Daniel Bravo Andreu (5%), Instituto Vasco de Finanzas SL (3%), Santander Asset Management SA SGIIC (2.8%), Amundi Asset Management SA (Investment Management) (1.26%).
Executive Director: Javier Martínez Ojinaga
Chairman: Andrés Arizkorreta García
Subsidiaries
The company has dozens of subsidiaries worldwide.
Israeli subsidiaries: CAF Israel Rails Ltd. (100%), CFIR Light Rail Ltd (50%), Blue and White - Blue Line Jerusalem Light Rail, Ltd. (50%), Galilee Rail Ltd (50%), LAVI Light Rail O&M Ltd (50%), Light TLV NTA Ltd (50%), PL Light Rail Maintenance, Ltd. (50%).
Partners
Shapir Engineering and Industry, Salvat Logistica, GMV Innovating Solutions, Leumi Bank, HSBC
* This section refers to the company's general business partners