diff --git a/tools/@angular/tsc-wrapped/src/evaluator.ts b/tools/@angular/tsc-wrapped/src/evaluator.ts
index 7e568d829c..9e4d418ef0 100644
--- a/tools/@angular/tsc-wrapped/src/evaluator.ts
+++ b/tools/@angular/tsc-wrapped/src/evaluator.ts
@@ -178,6 +178,9 @@ export class Evaluator {
         case ts.SyntaxKind.NullKeyword:
         case ts.SyntaxKind.TrueKeyword:
         case ts.SyntaxKind.FalseKeyword:
+        case ts.SyntaxKind.TemplateHead:
+        case ts.SyntaxKind.TemplateMiddle:
+        case ts.SyntaxKind.TemplateTail:
           return true;
         case ts.SyntaxKind.ParenthesizedExpression:
           const parenthesizedExpression = <ts.ParenthesizedExpression>node;
@@ -211,6 +214,10 @@ export class Evaluator {
             return true;
           }
           break;
+        case ts.SyntaxKind.TemplateExpression:
+          const templateExpression = <ts.TemplateExpression>node;
+          return templateExpression.templateSpans.every(
+              span => this.isFoldableWorker(span.expression, folding));
       }
     }
     return false;
@@ -436,9 +443,11 @@ export class Evaluator {
         }
         return recordEntry(typeReference, node);
       case ts.SyntaxKind.NoSubstitutionTemplateLiteral:
-        return (<ts.LiteralExpression>node).text;
       case ts.SyntaxKind.StringLiteral:
-        return (<ts.StringLiteral>node).text;
+      case ts.SyntaxKind.TemplateHead:
+      case ts.SyntaxKind.TemplateTail:
+      case ts.SyntaxKind.TemplateMiddle:
+        return (<ts.LiteralLikeNode>node).text;
       case ts.SyntaxKind.NumericLiteral:
         return parseFloat((<ts.LiteralExpression>node).text);
       case ts.SyntaxKind.AnyKeyword:
@@ -575,6 +584,36 @@ export class Evaluator {
       case ts.SyntaxKind.FunctionExpression:
       case ts.SyntaxKind.ArrowFunction:
         return recordEntry(errorSymbol('Function call not supported', node), node);
+      case ts.SyntaxKind.TaggedTemplateExpression:
+        return recordEntry(
+            errorSymbol('Tagged template expressions are not supported in metadata', node), node);
+      case ts.SyntaxKind.TemplateExpression:
+        const templateExpression = <ts.TemplateExpression>node;
+        if (this.isFoldable(node)) {
+          return templateExpression.templateSpans.reduce(
+              (previous, current) => previous + <string>this.evaluateNode(current.expression) +
+                  <string>this.evaluateNode(current.literal),
+              this.evaluateNode(templateExpression.head));
+        } else {
+          return templateExpression.templateSpans.reduce((previous, current) => {
+            const expr = this.evaluateNode(current.expression);
+            const literal = this.evaluateNode(current.literal);
+            if (isFoldableError(expr)) return expr;
+            if (isFoldableError(literal)) return literal;
+            if (typeof previous === 'string' && typeof expr === 'string' &&
+                typeof literal === 'string') {
+              return previous + expr + literal;
+            }
+            let result = expr;
+            if (previous !== '') {
+              result = {__symbolic: 'binop', operator: '+', left: previous, right: expr};
+            }
+            if (literal != '') {
+              result = {__symbolic: 'binop', operator: '+', left: result, right: literal};
+            }
+            return result;
+          }, this.evaluateNode(templateExpression.head));
+        }
     }
     return recordEntry(errorSymbol('Expression form not supported', node), node);
   }
diff --git a/tools/@angular/tsc-wrapped/test/collector.spec.ts b/tools/@angular/tsc-wrapped/test/collector.spec.ts
index 896e2f4cbf..0dddee2509 100644
--- a/tools/@angular/tsc-wrapped/test/collector.spec.ts
+++ b/tools/@angular/tsc-wrapped/test/collector.spec.ts
@@ -633,6 +633,80 @@ describe('Collector', () => {
     });
   });
 
+  describe('with interpolations', () => {
+    function createSource(text: string): ts.SourceFile {
+      return ts.createSourceFile('', text, ts.ScriptTarget.Latest, true);
+    }
+
+    function e(expr: string, prefix?: string) {
+      const source = createSource(`${prefix || ''} export let value = ${expr};`);
+      const metadata = collector.getMetadata(source);
+      return expect(metadata.metadata['value']);
+    }
+
+    it('should be able to collect a raw interpolated string',
+       () => { e('`simple value`').toBe('simple value'); });
+
+    it('should be able to interpolate a single value',
+       () => { e('`${foo}`', 'const foo = "foo value"').toBe('foo value'); });
+
+    it('should be able to interpolate multiple values', () => {
+      e('`foo:${foo}, bar:${bar}, end`', 'const foo = "foo"; const bar = "bar";')
+          .toBe('foo:foo, bar:bar, end');
+    });
+
+    it('should be able to interpolate with an imported reference', () => {
+      e('`external:${external}`', 'import {external} from "./external";').toEqual({
+        __symbolic: 'binop',
+        operator: '+',
+        left: 'external:',
+        right: {
+          __symbolic: 'reference',
+          module: './external',
+          name: 'external',
+        }
+      });
+    });
+
+    it('should simplify a redundant template', () => {
+      e('`${external}`', 'import {external} from "./external";')
+          .toEqual({__symbolic: 'reference', module: './external', name: 'external'});
+    });
+
+    it('should be able to collect complex template with imported references', () => {
+      e('`foo:${foo}, bar:${bar}, end`', 'import {foo, bar} from "./external";').toEqual({
+        __symbolic: 'binop',
+        operator: '+',
+        left: {
+          __symbolic: 'binop',
+          operator: '+',
+          left: {
+            __symbolic: 'binop',
+            operator: '+',
+            left: {
+              __symbolic: 'binop',
+              operator: '+',
+              left: 'foo:',
+              right: {__symbolic: 'reference', module: './external', name: 'foo'}
+            },
+            right: ', bar:'
+          },
+          right: {__symbolic: 'reference', module: './external', name: 'bar'}
+        },
+        right: ', end'
+      });
+    });
+
+    it('should reject a tagged literal', () => {
+      e('tag`some value`').toEqual({
+        __symbolic: 'error',
+        message: 'Tagged template expressions are not supported in metadata',
+        line: 0,
+        character: 20
+      });
+    });
+  });
+
   describe('in strict mode', () => {
     it('should throw if an error symbol is collecting a reference to a non-exported symbol', () => {
       const source = program.getSourceFile('/local-symbol-ref.ts');