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News Articles (2233)

World’s first light rail on a floating bridge: For I-90, Sound Transit had to invent ‘a brilliant solution’

May 12, 2017 By: Mike Lindblom (The Seattle Times) Sound Transit will soon try something unprecedented — building and operating train tracks on a floating bridge. The work begins June 3 in the center express lanes of Interstate 90, after carpools, buses and Mercer Island motorists are kicked out to make room for light-rail contractors. Passenger service between Seattle, Bellevue and…
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The Japan-China infrastructure battle is a welcome rivalry

May 12, 2017 By: Shotaro Tani (Nikkei Asian Review) Competition between Japan and China to build Asia's infrastructure is healthy and will help spur the region's development, Indonesian Finance Minister Sri Mulyani Indrawati told the Nikkei Asian Review. Japan is advocating the construction of "high-quality infrastructure" in Asia, and is keen to push through such initiatives with the backing of the…
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Fund Investors Are Betting Big on Infrastructure

May 12, 2017 By: Bailey McCann (The Wall Street Journal) Emboldened by President Donald Trump's campaign promise of a $1 trillion infrastructure-spending package, investors have plowed more than $460 million into related U.S. mutual funds and exchange-traded funds so far this year, according to data from Morningstar Inc. At the end of the first quarter, the amount sitting in such funds…
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Brazil Cuts Stake in China-Led Infrastructure Bank

May 12, 2017 By: Brian Spegele (The Wall Street Journal) Brazil is slashing its planned stake in China's landmark infrastructure development bank, in a growing pain for Beijing's efforts to create alternative global institutions to place its stamp on the world order. After initially pledging to take nearly 32,000 shares—worth more than $3 billion—when signing as a founding member of the…
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In charts: China’s Belt and Road Initiative

May 14, 2017 By: Gabriel Wildau and Nan Ma (Financial Times)  China's President Xi Jinping will host 28 heads of state this weekend for a summit to promote his signature Belt and Road Initiative, an ambitious programme of economic diplomacy that analysts have compared with the Marshall Plan. Mr Xi's plan for a "Silk Road Economic Belt" and a "21st-century…
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Smart Cities Are About People

May 5, 2017 By: Joe Cortright (City Lab) The growing appreciation of the importance of cities, especially by leaders in business and science, is much appreciated and long overdue. Many have embraced the Smart City banner. But it seems each observer defines "city" in the image of their own profession. CEOs of IT firms say that cities are "a system of…
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Cadiz Announces $255 Million in Construction Financing for Desert Water Project

May 5, 2017 By Howard Fine (Los Angeles Business Journal) With the Trump administration soon likely to approve its long-sought desert water storage and transmission project, Cadiz Inc. announced Tuesday it has arranged up to $255 million in construction financing from giant private equity firm Apollo Global Management.Cadiz signed agreements with several funds managed by Apollo affiliates that will provide an…
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A lot of people are worried about crumbling infrastructure

May 5, 2017 By: Nancy Marshall-Genzer (Marketplace) Sixty-four-year-old Taylor Rickard is giving me a guided tour of her worst nightmare. We're driving along the Rappahannock River in Fredericksburg, Virginia, under a bridge Rickard said is about 75 years old and showing its age."Look at the rust," Rickard said, pointing. "And look at the patches on the concrete. And that's what…
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