Israel plans to name a train station near the Western Wall in Jerusalem after U.S. President Donald Trump, Transportation Minister Yisrael Katz told the Yedioth Ahronoth daily on Wednesday.

The train station is being planned for the Jewish Quarter in Jerusalem's Old City. Katz said he decided to honor Trump in this way following the president's decision early this month to recognize Jerusalem as Israel's capital and to ultimately move the U.S. Embassy to Jerusalem from Tel Aviv.

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"The Western Wall is the holiest site of the Jewish people," Katz said, "and I have decided to name the train station leading to it after the president of the United States, Donald Trump, following his courageous and historic decision to recognize Jerusalem as the capital of the State of Israel."

According to Yedioth Ahronoth, Katz approved the recommendations of an Israel Railways steering committee, which proposed the development of a Western Wall train station at the Cardo, an ancient street in the Jewish Quarter near the Kotel.

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Donald John Trump station, as Katz called it, is one of two stations proposed for an extension to a new high-speed line nearing completion between Tel Aviv and the western entrance to Jerusalem via Ben-Gurion International Airport and the city of Modi'in.

Katz called the rail extension to the Old City "the Transportation Ministry's most important national project." The cost of the project is estimated at 2.5 billion shekels ($720 million), Yedioth Ahronoth said.