Madrid Takes Its Car Ban to the Next Level
Following an announcement this week, the Spanish capital confirmed that, starting in November, all non-resident vehicles will be barred from a zone that covers the entirety of Madrid’s center. The only vehicles that will be allowed in this zone are cars that belong to residents who live there, zero-emissions delivery vehicles, taxis, and public transit.
Chicago Parking Meter Lease Slow-Motion Train Wreck Only Has 65 More Years to Go
Chicago’s parking meter system raked in $134.2 million last year, putting private investors on pace to recoup their entire $1.16 billion investment by 2021 with 62 years to go in the lease, the latest annual audit shows. Chicago has converted what used to be $23.8 million in annual revenues for the city and turned it into a $21.7 million expense.
China's top national economic planner has issued guidelines specifying that land around high speed rail stations earmarked for development should not on average exceed 50 hectares, although for a small number of stations, that figure goes to up to 100 ha. The NDRC said that new high-speed railway lines should not lead to the partitioning of cities; stations should be located within, or as near as possible to, central urban areas for convenience of passengers; and buildings should not be ostentatious, grandiose projects. Unfortunately, the horse has bolted and these guidelines probably should have been provided a decade ago.
Electric Buses Are Hurting the Oil Industry
China had about 99 percent of the 385,000 electric buses on the roads worldwide in 2017, accounting for 17 percent of the country’s entire fleet. Every five weeks, Chinese cities add 9,500 of the zero-emissions transporters—the equivalent of London’s entire working fleet, according Bloomberg New Energy Finance. For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market.