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Archive for the ‘India’ Category
» Six new passenger lines being considered for service at speeds above 250 km/h. Revealing her plans for India’s railroads in a speech this week on this year’s budget, Railways Minister Mamata Banerjee committed to the development of high-speed rail corridors throughout the country, even as she reaffirmed her promise to ensure continued investment in India’s conventional train network, which she framed as a social necessity. Her budget includes Indian national government would finance 50% of locally-approved metro rapid transit projects in cities with more than one million inhabitants. The United States, meanwhile, has no set policy on how to finance public transportation. Jeff at the Overhead Wire pointed to the Indian parliament’s recently approved bill that will provide a 50% commitment from the national government for any metro rail projects that have received a 50% financial guarantee from their respective cities. The U.S. government, on the other hand, has been unable to establish similar uniform standards that define how new transit projects are financed. India could provide Kolkata, Chennai, Bangalore, and Mumbai see large new metro networks as true climate solution Last week in the New York Times, columnist Thomas Friedman wrote about a couple of Americans he met in India who were driving a solar and electricity-powered car around India. They spend their days excitedly showing people there the technology’s potential, hoping to convince lawmakers and entrepreneurs to invest in more sustainable transport. One of those individuals said the following: “India is full of climate innovators, so spread out across this huge country that many people don’t get to see that these solutions are working right House Transportation Committee Members Express Opposition to Transit Funding in Draft Stimulus Bill We discussed the text of the stimulus bill yesterday, decrying its rather limited investment in transit, and the fact that it would allocate far less to transit and high-speed rail projects than would have Congressman Jim Oberstar’s Rebuild America proposal, even while maintaining the level of support planned for highways. Now the Wall Street Journal reports that some congressmen, especially those on the Transportation Committee, are calling foul: “Some members of the House transportation committee objected to the proposed level of investment during  Yonah Freemark |  January 16th, 2009 |  Filed Under: Congress, Finance, High-Speed Rail, India, United Kingdom |  One comment |
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