The Tel Aviv Municipality has prepared 60 subterranean parking lots as bomb shelters in case of missile attacks from Israel's foes.

A total area of 850,000 square meters would be able to house up to 800,000 people, city officials told reporters Wednesday.

The development comes against a backdrop of increasing acute reports and analyses in the Israeli media over the prospect of a military strike on Iran's nuclear enrichment facilities, and the extent of possible retaliation by either Teheran or Hezbollah.

A report in July revealed that the city was largely unprepared in case of an attack on the home front, and that the existing 241 shelters would only be able to contain up to 40,000 people -- only tenth of the city's population.

The municipality said the additional facilities were certified by a private engineering company and met the standards set up by the Home Front Command for protected, fortified areas.

The underground lots are mostly situated beneath shopping malls, as well as at the city's sprawling central bus station.

Additionally, authorities have prepared plans for evacuating central urban areas in the event of a rocket barrage in the country's densely-populated business and cultural center.

Israel is also concerned over instability in neighboring Syria and Egypt, and the potential for rocket attacks from those areas.

In a recent report, local Channel 10 television news quoted official sources as saying that an attack on Iran would prompt the firing of 50,000 missiles on Israel in response.