The world needs to invest $400 billion annually in green technologies to curb carbon emissions from the transportation sector, says a report. The report, prepared by the World Economic Forum and Booz & Company, a global consulting firm, pointed out that governments must invest in alternative sources of energy like biofuels.
Work on the Ghatkopar metro station is going strong. Mumbai Metro One (MM1) officials say that 80% of the work will be complete before the monsoon season breaks into the city. Krishnaprasad Maheshwari, director, MM1, said that almost 80% of the station is complete. "We estimate that almost six lakh people will travel daily between Versova and Ghatkopar; 70% of them will travel between Ghatkopar and Andheri.
Also today, freight transport and logistics in the Middle East region are highly inefficient and dominated by road transport. Governments in the region have initiated multi-billion US Dollar programs to establish a rail network in the Middle East / GCC to benefit from the lower emissions of rail freight transport and to accommodate the significantly increased demand.
The Economist Intelligence Unit forecasts that the UAE's non-oil exports will rise by around a third over the next five years, to $294bn by 2016. Much of this increase will come from intra-Arab trade, and the new rail network will certainly be expected to do its part to speed transaction flows across the Middle East.
With the first two routes of the metro already under construction and the third in the pipeline, the Mumbai Metropolitan Region Development Authority (MMRDA) has now decided to go beyond the city.