The railway system in India has fascinated and frustrated its users since Victorian times. Nowadays, the Delhi Metro is touted as a beacon of success in a nation that struggles badly to develop modern infrastructure. The FT’s Amy Kazmin examines whether other cities will be able to copy that success with their own urban transport projects.
Today the world’s largest annual human migration – the lunar new year travel rush in China – will reach its culmination as millions of people hurry back to the office, where work officially begins tomorrow. They will be taking trains, planes, boats, buses and even bicycles to get back to that cubicle on time. But some will be coming home by a form of conveyance almost unthinkable even a few short years ago: by carpool. Continue reading »
Brazil’s government knows that if there is a silver bullet to solve the country’s mounting transport infrastructure problem, it is rail. That is why it is pushing with increasing determination a proposal to build not just one but possibly several bullet trains in the country. Continue reading »
Every year, China stages the largest human migration on earth as up to 1bn people go home to their roots. The FT’s Patti Waldmeir reports on the phenomenal combined buying power of China’s 260m migrant workers and looks at the type of gifts they are buying this year.
China gets a bad rap for lacking creativity. The conventional wisdom, especially among frustrated multinational personnel managers, is that it’s hard to find recruits in China who can “think outside the box” (though those who complain about that defect always use exactly the same phrase about the box, raising questions about their own ability to complain creatively).
But if they scan Chinese newspapers at this time of year – the run-up to Lunar New Year, which triggers the earth’s biggest human migration – they can find plenty of stories of Chinese exercising their ingenuity on the problem of how to get home to mama’s for the holidays. Continue reading »
Air travellers frustrated at delays in London, Paris and Frankfurt can put their woes in perspective – Warsaw’s suburban Modlin Airport looks like it will be shut for several months, playing havoc with the finances of the low-cost carriers using the new airport.
The reason is that Modlin’s newly-built but already crumbling runway is not fit to accommodate the large airliners that are supposed to land on it. The local building inspector is supposed to issue his verdict by Thursday but indications are that it will be closed until about May. Continue reading »
Anyone who has been through Galeão is unlikely to forget the experience.
The first challenge with Rio de Janeiro`s international airport, which will soon be the country`s gateway for the 2014 soccer World Cup and the 2016 Olympics, is getting there. From downtown Rio or the tourist areas of Ipanema and Copacabana in the south, it can take hours to reach the airport, which lies to the city’s north. During the afternoon rush hour, forget it. You won’t catch your flight. Continue reading »
Riding Bangkok’s elevated rapid transit railway service known as the ‘Skytrain’ makes New York’s Subway and London’s Underground feel antiquated. Now, BTS Group, the company with an exclusive concession to run the service, has confirmed plans for an initial public offering of an infrastructure fund worth at least $1.6bn, which looks likely to be the biggest in Thailand’s history. Continue reading »
Russian transport assets have been changing hands at a fast clip as investors bet on steady growth in cargo volumes across the world’s biggest country. Interested parties are a mixed bag that includes the usual Russian suspects – natural resources producers – as well as specialized railcar operators and more diversified investment conglomerates such as tycoon Ziyavudin Magemedov’s fast growing Summa Group. The latter has just closed one of the biggest deals of the year, buying the Far East Shipping Company for an estimated $1bn. Continue reading »
Like the small kid at school who over-achieves to compensate for his stature, Estonia has a thing about proving itself. The Baltic state of 1.3m was the first country in the world to introduce online voting and pioneered the use of free public internet. It was also the first former Soviet republic to join the eurozone. Precisely two years after that event, on January 1, 2013, Tallinn will become the largest city in the world and the first capital to provide free public transport to all of its residents. Continue reading »
Russian rail assets are changing hands at high speed as the government relinquishes its grip on the sector and new, privately-owned players compete for ownership of railcar fleets.
Sistema, an oil to telecoms, retail and healthcare conglomerate, has thrown its hat in the ring by making a whopping Rbs23bn ($742m) bid for SG-Trans, a state-controlled liquefied petroleum gas railcar operator. Continue reading »
Picture public transport in India and you may think of crowds clinging to the outside of a moving train – hardly a model of safety and efficiency.
But park the cliché. The company that runs the Delhi metro is to provide management consulting services to the Indonesian government as it embarks on the first phase of the Jakarta metro. Continue reading »
For many years, Sofia’s metro was, to many residents, almost incidental to the city. Your correspondent’s first foray came after a year of living in the city; his travelling companion was a Bulgarian who had been in Sofia for almost a decade. It was her first trip, too.
But a recent surge in investment has brought rapid expansion – and a flurry of investment opportunities. Continue reading »
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