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Infrastructure

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  • NEW YORK— Tom Fiore knows what it's like to sit in a taxi for as long as two agonizing hours, over bridges or through a tunnel, to travel a mere eight miles from midtown Manhattan to LaGuardia Airport in Queens. Neighboring John F. Kennedy and Newark have it, and projects are currently underway at Washington Dulles, Los Angeles and Denver. Cuomo's $450 million proposal,...

  • Officials warn about New Jersey's roads and bridges Friday, 23 Jan 2015 | 11:10 AM ET

    Chris Christie's transportation commissioner, along with outside groups are stepping up warnings about the dire state of New Jersey's bridges, roads and tunnels. The trust fund brings in about $1.2 billion in revenue, but those funds pay down the program's debt, while new projects are paid for through bonding and cash infusions from the Port Authority of New...

  • NEW YORK— The cost of traveling in New York City is going up. Beginning March 22, the cost of a subway or bus ride will increase by 25 cents, to $2.75, under a package of fare increases approved Thursday by the Metropolitan Transportation Authority, the state agency that manages subways, buses, commuter trains, bridges and tunnels in New York City and surrounding areas.

  • Why Boston REALLY doesn't want the Olympics Tuesday, 20 Jan 2015 | 9:30 AM ET

    A poll conducted by WBUR said that one third of Bostonians do not want the 2024 Olympics to be hosted in Boston.

  • VANCOUVER, Jan 19- The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation. The state of Alaska has refused to waive the...

  • MOMBASA, Kenya, Jan 16- Kenya signed a $270 million loan deal with Japan on Friday to help expand capacity at Mombasa port, a busy facility that is the main trade gateway to east Africa. The port handles fuel, consumer goods and other imports for Uganda, Burundi, Rwanda, South Sudan, Democratic Republic of Congo and Somalia, as well as regional tea and coffee exports.

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.

  • Despite veto threat, Senate advances pipeline bill Thursday, 8 Jan 2015 | 1:14 PM ET
    Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

    A bill to approve the Keystone XL oil pipeline clears a key Senate committee, setting up a fight pitting newly empowered Republicans against President Obama.

  • Cyberattack on mill causes rare physical damage Thursday, 8 Jan 2015 | 12:18 PM ET

    Damage from hackers at a German steel mill is only the second known instance of physical harm from a cyberattack. Wired reports.

  • Ebola wrecks years of aid work in West Africa Tuesday, 30 Dec 2014 | 10:57 PM ET
    Medicins Sans Frontieres health workers at an isolation camp in Liberia during the visit of the UN Ebola systems coordinator, Aug. 23, 2014.

    Ebola is wrecking years of health and education work in Sierra Leone and Liberia, forcing many charity groups to suspend operations or re-direct them.

  • Russia's growing list of problems Tuesday, 30 Dec 2014 | 8:34 PM ET
    Vladimir Putin

    The Russian railway's death toll is part of life under Putin, as the country sometimes fails to provide basic infrastructure despite prospering over the past 14 years.

  • BALASHIKHA/BASKAKI, Russia, Dec 30- On her third day in a new position at Russian Railways, Elena Kachalina heard a man die. She didn't see the train hit him as he tried to cross the tracks at Saltykovskaya, a station in the heavily populated Moscow suburb of Balashikha, but she heard the impact. The railway and its death toll are emblematic of life in Russia under...

  • Doubts deepen over Chinese-backed Nicaragua canal Friday, 26 Dec 2014 | 10:45 PM ET
    Thousands of demonstrators march against the 173-mile Interoceanic Grand Canal that they say will negatively impact the environment, communities and Nicaraguan sovereignty, in Managua, Nicaragua December 10, 2014.

    Skepticism is growing over a $50 billion project to build a canal across Nicaragua, a project spearheaded by a little-known Chinese businessman.

  • Germans balk at plan for wind power lines Wednesday, 24 Dec 2014 | 11:55 PM ET
    Wind power station, Schleswig-Holstein, Germany

    Germans have welcomed renewable energy, even as electric bills doubled. But enthusiasm appears to be waning with a plan for high-voltage transmission lines. The New York Times reports.

  • Framework for compromise on Capitol Hill  Tuesday, 23 Dec 2014 | 6:35 AM ET

    Former Gov. Ed Rendell, (D-Pa.), and Sara Fagan, former White House political director, debate whether the Republicans can break the gridlock in Congress next year, as President Obama comes into the final stretch of his presidency.

  • *Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...

  • Premature for BOT to cut rates now: Expert  Tuesday, 16 Dec 2014 | 10:24 PM ET

    Unless there are further delays to the government's infrastructure projects, a rate cut by the Bank of Thailand on Wednesday will surprise markets, says Paul Gambles, Co-Founder of MBMG Group.

  • China’s top five macro themes next year: HSBC Tuesday, 16 Dec 2014 | 5:49 PM ET

    With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • "I'm not one who often calls for regulation," Tony Tyler, director general of the International Air Transport Association, said in an interview on the sidelines of the organization's global media day. Tyler's concern comes amid growing reports of dangerous drone flights at airports, stadiums and military bases in the United States and elsewhere.