The Israel National Roads Company Ltd. has named Shafir Civil and Marine Engineering Ltd. as the winner of the NIS 1.1 billion contracting tender for the Krayot bypass road. Sources inform ''Globes'' that Shafir's bid was under NIS 1 billion, less than the other bids. Four of Israel's largest contractors participated in the tender: Shafir, Shari Arison-controlled Shikun u'Binui Holdings Ltd. (TASE: SKBN) unit Shikun u'Binui Solel Boneh Building and Infrastructure Ltd., Lev Leviev-controlled Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) unit Danya Cebus Ltd. (TASE: DNYA), and Ashtrom Properties Ltd. (TASE:ASPR) unit Derachim Building & Development (SAZ) Ltd. The 14-kilometer Krayot bypass road will become a major traffic artery from Haifa Bay to Acre. It will parallel the traffic-clogged Histadrut Boulevard (Road 4), between the Check Post in Haifa to Acre. The new road will have five interchanges and no traffic lights. The total project will cost NIS 1.9 billion. Published by Globes [online], Israel business news - www.globes-online.com - on October 20, 2009 © Copyright of Globes Publisher Itonut (1983) Ltd. 2009