Thursday, January 17, 2019

Our so-called friends the Israelis sold management of Haifa to China for 25 years for $2 billion

Israel-China port deal triggers U.S. Navy pushback:

While the Israeli Transportation Ministry struck the agreement with SIPG — a company in which the Chinese government has a majority stake — back in 2015, the Jerusalem Post reported Saturday that the deal is now coming under interagency review.

Citing Chinese state-run media reports, the Post noted the deal granted SIPG control over Haifa for 25 years in exchange for a commitment by the company to invest $2 billion in a project to transform Haifa’s bay terminal into the largest harbor in Israel.

The catch is that Haifa, Israel’s largest port city, regularly hosts joint U.S.-Israeli naval drills and visits from American vessels — a situation the Post claimed has triggered concern among U.S. officials.