CEEC

2017 investments in Prague Public Transport reach €245m

This year the Prague Public Transit Company (PPT Co.) plans to invest a total of CZK 6.6 billion (€245 million) in the public transport system. The investment priorities for 2017 include the preparation of the construction of the new metro D line, the modernisation of the safety technologies in the metro, the delivery of 15T trams from Škoda Transportation, the reconstruction of already existing tram lines, intensive preparation for the new tram lines and for the construction of new barrier-free access to the metro. The Jinonice metro station will also be renovated.

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Eight consortia to compete for operating the Tel Aviv’s light rail project

NTA announced end of January that eight consortia have bought the updated documents for the tender for operating the Red line in Tel Aviv’s light rail project. The tender terms to operate this line were changed to allow local companies to lead consortia bidding. Deadline to submit bids is 23 March 2017. The winning consortium will accompany the construction of the Red Line over four years, which should assist it in operating the line.

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A EU Strategy for Low-Carbon Mobility

The transition towards a low-carbon economy is globally gaining momentum. In this context, the European Commission is keen to accelerate the shift to low-carbon emissions and the transport sector – responsible for about one quarter of Europe’s greenhouse gas emissions – is in the spotlight.

High emissions resulting from congested traffic are becoming increasingly frequent in Central and Eastern Europe, with rising private automobile ownership and decline in public transport use in the past decades becoming the norm.

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CEEC economies to grow by 3% in 2016, FocusEconomics says

Stable and further growth predicted for the CEE region in 2016.

According to FocusEconomics, an established provider of economic analysis and forecasts for 127 countries worldwide, the main economies in Central and Eastern Europe (CEE) will grow at a 3.0% in 2016. Benefiting from low oil and energy prices and the Eurozone’s gradual recovery in 2015, countries such as Poland, Czech Republic, Hungary and Romania may still count on optimistic and stable 2016 outlooks.

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