Some $1.6 billion in funding is being provided from US federal funds to states and territories across the nation to cover the costs of repairing roads and bridges damaged by natural disasters. Funding from the Federal Highway Administration’s (FHWA) Emergency Relief Programme was provided by the Consolidated and Further Continuing Appropriations Act, 2012.
Some $1.6 billion in funding is being provided from US federal funds to states and territories across the nation to cover the costs of repairing roads and bridges damaged by natural disasters. Funding from the Federal Highway Administration’s (FHWA) Emergency Relief Programme was provided by the Consolidated and Further Continuing Appropriations Act, 2012.
Major plans are in hand in Thailand for transport infrastructure development. The country’s Ministry of Transport is revising its construction plans for a series of key transport infrastructure projects at present. Several selected plans will then be presented to the cabinet in mid-December 2015. A total of five public-private partnership (PPP) ventures are among projects that will be re-submitted to the cabinet for approval. Two of these PPP projects are highways that will cost an estimated US$3.9 billion.
The Smart Transport market is forecast to rise at a CAGR (Compound Annual Growth Rate) of 23.6% to US$102.31 billion between 2013 and 2018, according to a new research report by MarketsandMarkets (M&M).
The M&M report claims the still to be confirmed 2012 Smart Transport market value is around $26.7 billion. During the 2013-2018 period, the CIS + Eastern European, Middle East and African and Latin American Smart Transport markets are expected to grow at 31.4%, 39.1%, and 45.8%, respectively.
