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Following the concept of "value capture," the Hong Kong metro essentially functions as part of a vertically integrated business that, through a "rail plus property" model, controls both the means of transit and the places passengers visit upon departure.
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Technology enables electric vehicles to transfer electricity wirelessly from the road surface while moving. Power comes from the electrical cables buried under the surface of the road, creating magnetic fields.
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The total contract is valued at approximately $80 million, with Bombardier’s share valued at approximately $22 million.
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Dismantling of the system, known for having low ridership and offering little convenience in its city center route, will allow for expansion of the city's light rail network.
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The first train unit will now begin homologation test runs on the rail line between Genoa and Savona, which is also connected to the Bombardier Vado Ligure site. Regular passenger service is expected for early 2015.
Read More →Protests in Brazil over fare hikes have sparked authors at The Economist and Slate magazine to put in their two cents on the future of fares. They contend that they are costly to collect and that transit systems may be more effective at cutting traffic congestion and improving service if they were fare-free. Could that ever happen in the U.S.?
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The order is part of Transport for London’s program to increase passenger capacity on the London Overground network. The 57 new cars will be used to turn existing four-car trains into five-car versions.
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The joint venture will fit out the approximately 13 miles of twin tunnels that will stretch under London with the track and power equipment necessary for Crossrail trains to operate from 2018.
Read More →The total contract is valued at approximately $122 million, with Bombardier’s share valued at approximately $34 million.
Read More →Launched a sector-wide objective at its 2009 World Congress in Vienna to double the market share of public transport worldwide by 2025.
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