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.
A massive growth in sales is expected for electric vehicles and hybrid vehicles in coming years, according to a forecast from specialist IDTechEx. According to the report, the total global gross value market for hybrid and pure electric vehicles will reach US$334 billion by 2020. At present the total global gross value market for hybrid and pure electric vehicles is worth some $69 billion. The report suggests that the market for these vehicles will primarily consist of large or very heavy duty vehicles, nei
According to a new report from Timetric’s Construction Intelligence Center (CIC), the global construction industry is gradually regaining strength. This comes after a prolonged period of sluggishness in the wake of the global financial crisis. In real terms, the global industry is expected to have reached US$8.5 trillion in 2015, up from US$7.5 trillion in 2010. Over the forecast period (2016-2020) the pace of expansion will accelerate to an annual average of 3.4%, with the industry reaching a value of US$1
In Colombia, the Council of Ministers has given official approval to a fourth public-private partnership (PPP), this time for a motorway between Cesar and La Guajira. The 350km road, costing an estimated US$151 million, will connect San Roque with Cuestecita, take four years to build and employ around 1,400 workers. The announcement comes Columbia’s National Infrastructure Agency said it will help finance construction of the Toyo tunnel in Antioquia. The tunnel, nearly 10km-long and costing almost $765, wil
Chinese construction equipment manufacturing giant Sany and leading innovative lifting solution manufacturer Palfinger have finalised and signed contracts for the expansion of their mutual shareholdings.
The move comes after an agreement in principle to extend their strategic partnership was reached by the two construction groups at the end of September 2013.
Herbert Ortner, CEO of Palfinger, headquartered in Salzburg, Austria said, “During the past few weeks we have discussed the details of the capital i
