US$22 BILLION FOR NYC INFRASTRUCTURE UPGRADES
The Port Authority of New York and New Jersey has approved US$22 billion in funding for upgrades to area airports, rail, train and bus systems throughout New York City (NYC), Reuters reports. Officials described it as the largest single allocation of funds in the authority's history. On the drawing boards are a new US$15-billion bus terminal in Manhattan, US$4 billion for LaGuardia Airport, US$2.3 billion for Newark Liberty International Airport and US$70 million for what will ultimately be a US$20-billion rail system with a new tunnel under the Hudson River. These plans have been in the works for years, and the release of funding indicates they could could becoming reality soon.
PROPOSAL INCLUDES SAN FRANCISCO’S SECOND TALLEST
Oceanwide Center, a proposed two-tower development at 1st and Mission streets in San Francisco, includes what would be the city's second-tallest building at 910 ft., Curbed San Francisco reports. The plan would total 1.35 million sq. ft. of office and 650,000 sq. ft. of residential space, and seven floors of heavily landscaped public/retail space. City officials are enthusiastic about the highrises, designed by Foster + Partners with landscaping by Gustafson, Guthrie & Nichols. The plan continues to move forward, but no construction dates have been given.
SPAIN TRENDS: EFFICIENT ELEVATORS, GOVERNMENT INITIATIVES
Spain, which has Europe’s largest installed base of elevators and escalators, can expect to see the popularity of energy-efficient and electric elevators increase through 2019, along with government initiatives aimed at encouraging energy conservation, according to a report from Technavio. Products such as Otis’ Gen2® elevators and ReGenTM drives lend themselves to these trends, which include the government establishing energy-consumption limits for elevators and requiring regular maintenance to sustain overall unit efficiency.
http://www.elevatorworld.com/industry-news/march-30-2016/
