The Danish government has shelved the plans for a road toll scheme for Copenhagen. The decision has been welcomed by opposition parties, and the government is now set increase funding for public transport so that ticket prices can be reduced.
May 18, 2012
Read time: 1 min
The 1035 Danish Government has shelved the plans for a road toll scheme for Copenhagen. The decision has been welcomed by opposition parties, and the government is now set increase funding for public transport so that ticket prices can be reduced.
According to a new report from consultant Frost & Sullivan, extended-range electric vehicles (EVs) could be cost-competitive with comparable internal combustion engine (ICE) vehicles as soon as 2015. The report claims that electric vehicles could offer a payback period of less than four years for customers with an oil price of €2.50/litre, without any government subsidies.
A new programme of transport safety measures has been drawn up for Europe, with funding having been secured. Called the Safer Transport Platform, this programme is being managed jointly by the European Investment Bank and European Commission. The plans call for a series of investments in transport safety, with a special focus on roads
New financing measures form part of the Safer Transport Platform, a joint EC and EIB initiative. This will address investment needs in transport safety in Europe.
At the TE
The state government of Victoria in Australia will pay the East West Connect consortium US$258 million to cancel construction of Melbourne’s East West Link road tunnel.
The payoff is to cover the consortium's bidding, design and pre-construction costs and draw a line under the deal that has been mired in financial controversy for years.
The federal government slammed Victoria’s decision to bail out of the project as “an obscenity’’ that will cost 7000 jobs, according to a report in The Australian news
