The state government of Kerala in India has given an in-principle approval to raise auto-rickshaw, bus and taxi fares due to an increase of INR 5 (US$0.10) per litre in diesel prices.
November 30, 2012
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The state government of Kerala in India has given an in-principle approval to raise auto-rickshaw, bus and taxi fares due to an increase of INR 5 (US$0.10) per litre in diesel prices.
Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya.
Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%.
Waskita Karya plans to carry out a bond
Projections suggest that electric vehicle sales in Central and Eastern Europe will hit 60,000 by 2017. The estimate comes from a report by Frost & Sullivan and suggests that Central and Eastern Europe will see growing sales of these vehicles, bringing strong market potential for manufacturers. The Central and Eastern European nations have a population of over 100 million people and a solid macroeconomic environment. The report says EV sales could top 62,000 units by 2017, increasing from approximately 245 u
The Saudi Arabian government has approved plans for electric train and bus road networks in Riyadh which they hope will generate US$2.13billion a year and provide 450,000 direct and indirect jobs. The bus road network will have four levels with nucleus network for high-capacity buses, circular network for medium-capacity buses, secondary network for low to medium capacity buses, and local network for cluster roads on districts. The first phase of the railway project will have 11 stations and cover 17km betw
