IT HAS been a frustrating time for many businesses in India’s IT hub of Bangalore. Endless traffic jams, sporadic power, a chaotic airport and many politicians who just couldn’t give a damn.
For four years, Karnataka state, home to India’s “silicon valley”, was ruled by a chaotic coalition with a regional party. Janata Dal (S)’s support base was among farmers, and politicians were criticised for ignoring Bangalore’s IT “elites”.
The result: more decrepit public transport, four-hour commutes, packed roads and blackouts that have taken some gleam off this city as it faces increasing competition for foreign investment from rival cities such as Shanghai and Manila.
Read more @ the SOURCE – Scotsman.com News – India’s politicians pay the price for ignoring booming urban economy – .
PA to invest $2b in urban projects
Some 1,400 businessmen attend Palestinian Authority’s financial conference in Bethlehem, pledge investments, discuss future of Palestinian economy.
The Palestinian Authority held a financial investors conference last week in Bethlehem. The conference, hailed a great success was led by Tarik Abbas – Palestinian President Mahmoud Abbas’ son.
The goal: To show the world the Palestinians have rehabilitated their economy and that the West Bank should not be considered a safe bet for overseas investors.
Read more @ the SOURCE: Ynetnews.com – PA to invest $2b in urban projects – Israel Money, .
CHENGDU, May 24 (Xinhua) — China will build 1.5 million make-shift houses in the quake-stricken Sichuan Province, which are expected to endure at least three years, Minister of Housing and Urban-Rural Development Jiang Weixin said Saturday.
The houses, offering 20 square meters floor space each, should be made of anti-quake and environment-friendly materials and equipped with lighting facilities, Jiang said at a meeting held by the State Council’s earthquake relief headquarters here in the provincial capital.
Supportive public facilities such as schools and medical service should also be set up, he added.
The unaffected provinces in the quake were required to provide aid to a designated stricken area in Sichuan. Jiang said the unaffected provinces or municipalities should appoint skilled builders and transport the makeshift houses to the quake-hit areas as soon as possible.
SOURCE: Xinhua News Agency – China to build 1.5 mln make-shift houses for quake-affected people_English
The Metropolitan Transportation Authority unanimously approved a tentative billion-dollar deal with the Related Companies on Thursday to build a 26-acre, $15 billion enclave of office towers, residential buildings and parks over the West Side railyards.
As a result, the transportation authority will negotiate a formal contract with Related, and its partner, Goldman Sachs, over the next five months and deposit an $11 million check from the developer for fees related to the massive project. The yards sit on both sides of 11th Avenue between 30th and 33rd Streets, near the city’s convention center.
The deal sets the stage for Mayor Michael R. Bloomberg’s long-running campaign to transform the once-industrial neighborhood into the city’s next major business district. Still, it could be years before the first building is erected over the windswept yards and the transportation authority begins to get a steady rent stream from the developer.
Read more @ the SOURCE: NYTimes.com – M.T.A. Approves a New Deal to Build at West Side Yards
Design Team includes:
Master Plan Architect
PWP Landscape Architecture
THE Government will spend about $30 million to develop key features of the new Punggol Waterfront Town.
Most of that amount will go towards the man-made, 4.2-km Punggol Waterway, which will be constructed next year — $25 million will be spent on landscape and architectural development, not including infrastructure costs such as excavating works.
The waterway will be the focal point of activities, according to plans by the Housing and Development Board (HDB).
Read more @ the SOURCE: TODAYonline.