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Israel’s leading infrastructure and real estate group Shikun & Binui (SKBN.TA), said on Sunday it is part of a group that won a contract to build high speed toll lanes in Texas in a deal estimated at more than $1 billion, according to Reuters. Shikun’s stake in the Blueridge Transportation Group is about 40 percent, although that could fall to 15-25 percent by the close. Under the contract from the Texas Department of Construction, the consortium will plan, build, finance, operate and maintain high-speed toll lanes and other infrastructure in the Houston area, Shikun said in a statement to the Tel Aviv Stock Exchange. Construction is expected to take three years while the group will maintain the road for another 49 years, it noted. Shikun & Binui infrastructure and real estate development The Shikun & Binui group, established since 1924, is a global construction and infrastructure company engaged within and outside of Israel in seven operating segments: infrastructures and construction contracting outside of Israel; infrastructures and construction contracting in Israel; real estate development in Israel; real estate development outside of Israel; renewable energy; concessions; and water. The group’s activities include mainly large-scale highly-complex projects for the private and public sectors, which integrate the concept of sustainability. (additional reporting by Reuters)]]>