Monday, July 29, 2013

Durban, South Africa to spend USD 3 billion on #publictransit

R20bn Durban transport plan - KwaZulu-Natal | IOL News | "Durban - A R20 billion transformation of Durban’s public transport system over the next seven years is expected to connect 600 000 commuters across the city to nine public transport corridors.

The network will intergrate bus, rail and taxi transportation. The aim is to offer reliable and cheap commuter transport.

The city promises it will be safe and secure and will be monitored by a control centre and closed circuit television cameras.

Work has already begun on the first phase of the eThekwini Integrated Rapid Public Transport Network to cost an estimated R10 billion over the next five years.

A further R10 billion will be spent to complete the project by 2020."

Thursday, July 11, 2013

2/3 of Egypt’s oil is gone 20 years after its peak

Does this look like good use of a country's wealth?
2/3 of Egypt’s oil is gone 20 years after its peak: "No matter who is ruling Egypt and for how long, this country faces a crippling energy crunch which contributes to the general dissatisfaction of the public and the accelerating changes we see in this country."