VOLVO
Travel times featured in devel-
opers' advertisements say Modi'in
is just 20-25 minutes from Tel
Aviv and about the same distance
from Jerusalem. But at rush
hour, it takes at least three times
as long.
There are plans to widen the
roads from Modi'in to Highway 1
and Highway 443. But until this
happens, residents will have to
drive through the few narrow
roads on which there are more and
more accidents. Trains are slated
to run from the city, but the im-
plementation of this plan is a long
way off.
Many potential buyers fear that
public buildings will not be com-
plete by the time they are ready
to move in. The Housing Ministry
only recently published a tender
inviting contractors to build two
schools, while additional tenders
for construction of another two
schools, kindergartens, syna-
gogues and other amenities will
only be published in the coming
weeks.
Modi'in's development has also
been stalled by residents of the
neighboring towns of Re'ut and
Maccabim, who appealed to the
Israel Supreme Court to prevent
marketing of apartments. Devel-
opment was also slowed by envi-
ronmentalists' protests and those
of religious groups fearful that an
burial grounds would be un-
covered.
Avi Zitterenboim, general man-
ager of real estate chain Reshet
Igud HaNadlan, says Modi'in has
a rosy future despite existing hard-
ships.
"The government has made
several mistakes in the past but
it is possible to amend the situa-
tion. This city will quickly become
popular.
"Whoever thinks Modi'in is
stuck with its problems is not only
wrong but is also misleading the
public. Modi'in will be a new and
modern city, the first of its kind
since the establishment of the
State of Israel ... In a few years
many people will be sorry they did
not buy an apartment in Modi'in,
for themselves and for their chil-
dren. It is going to be the city of
the future."
Not everyone is as optimistic as
Mr. Zitterenboim. Roni Mizrahi,
general manager of Mizrahi and
Sons, says the solution to the coun-
try's overcrowding problems is in
places like Rishon Lezion. 'We are
engaged in construction of hun-
dreds of apartments and cottages
in 29 developments in nine cities
but are not even constructing one
apartment in Modi'in," he said. II]
Companies Fined
For Violations
Washington (JTA) — The Com-
merce Department slapped three
companies with civil penalties
this week for allegedly violating
the anti-boycott provisions of the
Export Administration Act and
Regulations.
While the companies — Habib
Bank Ltd., of New York, Jack
Schwartz Shoes, Inc., also of New
York, and the Texas-based Im-
port Export Management Ser-
vices — agreed to pay the
penalties, they neither admitted
nor denied the alleged violations.
The Commerce Department
fined Habib Bank Ltd., a branch
of a Pakistani bank, $60,000 for
allegedly giving information
about other people's business re-
lationships with Israel to the
United Arab Emirates and Oman
on five occasions between Feb-
ruary 1988 and February 1992.
In addition, the bank alleged-
ly failed to report receiving 84
boycott-related requests from
those countries, as required by
the Export Administration Act
and Regulations.
Jack Schwartz Shoes, Inc., an
athletic shoe manufacturer,
agreed to pay a $15,000 penalty
for alleged violations involving
four transactions with a Saudi
Arabian company, the Commerce
Department said.
The department also alleged
that between March and April
1992, the company gave infor-
mation to a U.S. bank about its
own and a second company's
business dealings with Israel.
Import Export Management
Services, an office supply ex-
porter, allegedly gave informa-
tion about its business
relationships with Israel to a Syr-
ian company in May 1993.
The company also failed to re-
port two requests for boycott-re-
lated information, one from Syria
and one from Kuwait, the Com-
merce Department reported. The
company will pay a $7,500 civil
penalty.
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Jerusalem — Following Israel
Chemical's aborted foreign issue
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company.
The committee authorized the
Government Companies Au-
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as a single package to a single pri-
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said the authority could sell
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ular trading on the Tel Aviv Stock
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either option or combine them,
the Treasury reported.
About three months ago, the
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