Elon Musk was having a discussion on X with Warren Redlich. They were talking about Boring Company. Elon Musk talked about subways and public trams and surface trains surface trains costing $1 billion per mile. It was a deep cut to a 2018 nextbigfuture article. Subways and light rail cost two to seven times more …
The White House distributed $42 billion of internet access funding. This funding is the Broadband Equity Access and Deployment Program which is part of the 2021 $1 trillion infrastructure act. The spending will be based on a newly released Federal Communications Commission coverage map that details gaps in access. This is the initial proposals for …
The Boring Company is expanding the Vegas Loop to 29 miles and 51 stations. Boring Revolution finds the Boring system will be a money printer with an insane daily through-put of 495,000 persons and a monster 42% gross margin. He expects the tunnels will cost $162 million. The stations will be built by the casinos. …
According to the Economic and Social Survey of Asia and the Pacific – ESCAP’s long-running flagship publication – developing economies are on track to record an overall growth rate of 5.8 percent in 2017, compared with 5.4 percent the previous year. For 2018 and 2019, these economies are projected to grow by 5.5 percent, with …
How large are the benefits of transportation infrastructure projects, and what explains these benefits? Before 1870, India barely had railroads. It didn’t have many canals either, and only a small percentage of the population lived along the three main rivers. So when goods needed to be transported, people used steer, which could pull freight about …
Princeton researchers recommend targeted geoengineering to preserve continental ice sheets. “Geoengineering interventions can be targeted at specific negative consequences of climate change, rather than at the entire planet,” postdoctoral research associate in Atmospheric and Oceanic Sciences Michael Wolovick said. The ice sheets of Greenland and Antarctica will contribute more to sea-level rise this century than …
California’s Department of Water Resources was blasted in an independent report for having a culture of complacency and incompetence that contributed to last year’s near-disaster at Oroville Dam. The full 584 page independent forensic team report is here. The agency’s largest water storage site and the nation’s tallest dam at Lake Oroville fell into disrepair. …
The United States faces a looming crisis over its deteriorating water infrastructure, and fixing it will be a monumental and expensive task. In Los Angeles alone, about two thirds of the city’s 7,000 miles of water pipes are more than 60 years old — and nearing the end of their useful lives. Water main breaks …
Everyone’s heard the story about the government’s promise to spend $1 trillion on fixing America’s aging critical infrastructure. But there’s another big money story that few investors know of… Trump’s trillion-dollar pledge won’t come close to fixing our infrastructure. It’ll take $3.6 trillion to make this happen. And in the midst of this infrastructure crisis, …
Beijing’s Belt and Road initiative is part and parcel of President Xi Jinping’s strategy to solidify China’s emergence as a great economic and military power, a leading expert on Asian economies said Wednesday. In May, 2017, China’s President Xi Jinping has pledged $124 billion (£96bn) for the scheme, known as the Belt and Road initiative. …
Nearly a fifth of the $94 trillion in global infrastructure investment needed by 2040 risks being unfunded if current spending trends continue according to the G20-backed Global Infrastructure Hub. To close the spending gap, annual infrastructure spending needs to rise to 3.5 percent from 3 percent of global gross domestic product. The GIH, set up …