Israel's largest construction company Solel Boneh, has been awarded a $1 billion contract by the Czech Republic to build its first toll road.

The road, which is to be constructed in the country's northeastern zone, will be 60 km long. Work on the project will begin in 2002, and will take up to five years. Solel Boneh is to receive the rights to operate the toll road for the next 20-30 years.

Solel Boneh offers a broad range of services in civil engineering and building including project feasibility studies, financing, planning, design, procurement and construction, installation, maintenance and operation.