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Items filtered by date: February 2017

Why your pension savings belong in a power plant

March 17, 2017

By: Bernard Sheahan

(Financial Times) Your retirement savings are likely doing, and earning, very little in today's low interest rate environment. With stock markets volatile and bonds still yielding little, pension managers have limited options to ensure reliable returns without controlled risks. The result is that trillions of dollars of investable capital in retirement funds are in want of a better offer.

It may be time to give emerging market infrastructure projects a closer look. That is what I will be telling investors this week when the World Bank Group and the UK's Department for International Development host working sessions on the topic...

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Read More At The Financial Times: https://www.ft.com/content/7ddb5c6c-03fb-11e7-aa5b-6bb07f5c8e12

 

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Hydrogen fuel cell train completes first test run

March 17, 2017

(Global Rail News) Alstom's iLint hydrogen fuel cell train has completed its first 80 km/h test run.The Coradia iLint unit carried out its trial run on the test track at Alstom's factory in Salzgitter, Lower Saxony, having already completed static commissioning.

A more rigorous testing campaign will begin at the Velim test track in the Czech Republic in the next few months. Passenger tests will then begin on the Buxtehude–Bremervörde–Bremerhaven–Cuxhaven route at the start of 2018...

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Read More At Global Rail News:https://www.globalrailnews.com/2017/03/15/hydrogen-fuel-cell-train-completes-first-test-run/

 

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Unlocking the hidden power of a highway

March 17, 2017

(City Lab) Highways can connect, divide, and they can conquer. In that sense, they're one of the most powerful pieces of infrastructure in the U.S. Yet when Mary Anne Lanier and Harriet Langford examined the 16-mile stretch of highway named after their late father—Ray Anderson, an entrepreneur and pioneer of industrial sustainability—they saw right through to its vulnerabilities.

"We just put the greatest industrialist of the century's name on a dirty highway," Langford, a trustee on the board of the Ray C. Anderson Foundation, said at a Washington, D.C., conference in January. "It didn't feel right." Aside from getting motorists from Georgia to the edge of Alabama, the stretch of Interstate 85 does little else except threaten the surrounding environment—as highways often do...

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Read More At City Lab:https://www.citylab.com/tech/2017/03/a-living-lab-to-bring-more-power-to-smart-highways/519129/

 

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Norway plans "ship tunnel" to avoid the deadly stadhavet Sea

March 24, 2017

By Joe Quirke

The Norwegian Coastal Administration is planning the world's first full-scale ship tunnel to allow vessels to travel through a mountain rather than navigate the treacherous waters of the Stadhavet Sea. The 1.7km long tunnel will be located in the Stad peninsula. This is at the "corner" of Norway, where the coastline bends to the northwest. It will be 26.5m wide and be able to accommodate 70 to 120 ships a day.

Its use would allow vessels to avoid the Stadhavet, where the North and Norwegian seas meet, creating an unpredictable combination of tides and winds. Some 33 people have lost their lives in the area since the end of the Second World War...

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Read More At The Global Construction Review:http://www.globalconstructionreview.com/news/norway-plans-ship-tunnel-av7oid-de7adly-stadh7avet/

 

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Phoenix Airport Upgrades Data Analytics to First Class

March 17, 2017

By: Kim S. Nash

(The Wall Street Journal) Sky Harbor uses a combination of packaged software from the air transportation group SITA and custom-built analytics tools to assess data such as foot traffic as well as video captured at security checkpoints. Photo: Phoenix Sky Harbor International Airport

The Phoenix Sky Harbor International Airport, in the midst of a six-year overhaul, is deploying a new generation of technology to capture insights from the stream of data generated by visitors. The goal is to make operations more efficient and improve the flyer experience. This year, the airport, one of the 10 busiest in the U.S., plans several tests of sensors, digital cameras, beacons and other technology intended to modernize activities such as dining and passing through security checkpoints...

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Read More At The Wall Street Journal: http://blogs.wsj.com/cio/2017/03/14/phoenix-airport-upgrades-data-analytics-to-first-class/

 

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AfDB gives Sh195m grant for Lamu Port

March 17, 2017

By Weitere Mwita

(The Star) Efforts by the government to attract investors to help build 29 berths at the proposed Lamu port has received a boost from African Development Bank. The pan-African lender last week gave a $1.9 million (about Sh194.86 million) grant to cater for advisory services and technical support in developing a feasible plan for the port. The funds, through AfDB's New Partnership for Africa's Development Infrastructure Project Preparation Facility, will position the proposed Lamu port as an attractive venture for big-ticket investors.

The port has 32 berths whose construction cost is estimated at $5 billion (Sh512.8 billion). The cost for the first phase of the project's three berths is estimated at $689 million (Sh70.7 billion). The amount will cover dredging and reclamation, construction of berths and yards, construction of revetment, causeway and road, construction of buildings and utilities, and procurement of equipment and tug boats among others...

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Read More At The Star:  http://www.the-star.co.ke/news/2017/03/13/afdb-gives-sh195m-grant-for-lamu-port_c1521828

 

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Intel buys mobileye in $15.3 billion bid to lead self-driving car market

March 17, 2017

By: Mark Scott

(The New York Times) In the world of driverless cars, household names like Google and Uber have raced ahead of rivals, building test vehicles and starting trials on city streets. But when it comes to what is under the hood, an array of lesser-known companies will most likely supply the technology required to bring driverless cars to the masses. And in a $15.3 billion deal announced on Monday, Intel moved to corner the market on how much of that technology is developed.

The chip maker's acquisition of Mobileye, an Israeli company that makes sensors and cameras for driverless vehicles, is one of the largest in the fast-growing sector and sets the stage for increasing competition between Silicon Valley giants as well as traditional automakers over who will dominate the world of autonomous cars...

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Read More At The New York Times: https://www.nytimes.com/2017/03/13/business/dealbook/intel-mobileye-autonomous-cars-israel.html?_r=0

 

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To Speed up infrastructure projects, trump revisits environmental regs

March 17, 2017

By: Daniel C. Vock

(Governing)  President Trump has made no secret over the course of his campaign and early administration that he thinks it takes too long for infrastructure projects to get approved and built. A report from The Wall Street Journal last week indicated just how much he'd like to speed things up: The president wants states to start building within 90 days of getting federal money, compared with the years it can take for projects to start now.

The biggest hold-ups for most projects, though, come from federal -- not state -- regulations. State and county transportation officials say federal environmental, safety and workplace reviews can more than double the time it takes to complete a project...

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Read More At Governing:http://www.governing.com/topics/transportation-infrastructure/gov-trump-infrastructure-environmental-regulations.html

 

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We can't afford to wait for trump's $1 trillion spending spree

March 10, 2017

By:  Jeff Hill and Norman F. Anderson

America's infrastructure has suffered from sustained, chronic underinvestment for more than 30 years. We are only now beginning to realize how much this has cost the economy, particularly in jobs. Analysts estimate that modernizing, repairing and expanding our airports, bridges, electric grid, highways, mass transit, ports, and water and sewer systems to meet current and future needs will require an additional $1.5 trillion to $5 trillion in spending over the next 10 to 20 years.

This is on top of roughly $700 billion a year currently being invested at the federal, state and local level, according to our best estimate using data from multiple sources, including both private and public monies. The administration has proposed an increase of $1 trillion in infrastructure spending over the next five years—about $200 billion a year. Some are leery, but they needn't be. The additional spending is necessary. And, based on our analysis, if planned and managed properly, a robust infrastructure program would create millions of new jobs—many of them permanent jobs...

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Read More At CNBC: http://www.cnbc.com/2017/03/09/trumps-1-trillion-infrastructure-plan-is-key-for-jobs-commentary.html

 

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Brazil to invest R$45 Billion in privatized Infrastructure Concessions

March 10, 2017

By: Lise Alves

The federal government of Brazil announced on Tuesday (March 7th) the 55 infrastructure projects that are part of the Private Partnership Investment program (PPI), with investments estimated at R$45 billion.During the meeting to discuss the PPI, President Michel Temer stated that the program is an important step towards decreasing unemployment."We need to do this soon, because what we want the most is to fight against unemployment," Temer said at the opening of the PPI meeting on Wednesday.

According to the President the new investmentsin infrastructure are expected to generate 200,000 direct and indirect jobs in the country.The projects include concessions of port terminals, transmission lines, railways and highways, to the private sector. Many of the projects however are renewals of existing concessions...

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Read More At The Rio Times: http://riotimesonline.com/brazil-news/rio-business/brazil-to-invest-r45-billion-in-infrastructure-concessions/

 

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