At the end of 2008 and the start of 2009, the world's banking system spiralled into crisis, triggered by a series of catastrophic blunders caused by bankers trying to create money from nothing. The result was to plunge the world's economy rapidly into recession. Having proved in effect that lead cannot be turned into gold, the bankers retired on fat pensions leaving governments to pledge huge sums to the banks and fill in the financial gaps.
Siemens is supplying an intelligent transportation system for the Polish city of Poznan after winning a near-€15 million contract from the Poznan transportation authority ZDM (Zarzad Dróg Miejskich w Poznaniu).
Real-time traffic data from more than 200 measurement points, such as intersections, parking lots and public transport, will be collected in the city’s traffic management centre, evaluated and processed using Sitraffic Concert.
The Siemens system, set to be commissioned in spring 2015, will pr
Chilean construction organisation CChC has published a study saying the country needs to spend some US$12.5 billion on road upgrades and construction over the next 10 years. This is because the country’s vehicle numbers are increasing, according to Business News Americas. The report says that Chile needs to expand its road network by 12,500km to 90,000km by 2023 to keep pace with the growing volume of traffic. Some 4,000km of the proposed new road should be highway or toll road, according to the study. To r
Exports are crucial to XCMG’s growth and its aim to becoming a dominant player in the worldwide construction machinery market – Mike Woof writes
One of China’s biggest construction equipment manufacturers, XCMG has a high profile, and particularly in the country’s home market. XCMG is a leader in key equipment categories such as concrete pumping and lifting technologies.
The firm’s 4,000tonne crawler crane introduced two years ago has already proven its worth in a massive industrial construction appl
