According to a new report from Pike Research, ITS will see increased investment in coming years even as government budgets are tightening, because smart transport is seen as a way to maximise existing transportation systems without making major new capital investments. The company forecasts that global investment in smart transportation systems will total US$13.1 billion between 2011 and 2017. “Most of this investment will be in intelligent traffic management systems, as this is the sector with the broadest
Deal values for global transactions of transport infrastructure assets including airports, ports and road operations have risen steeply since the beginning of the year with 2013 poised to be a record year for transport infrastructure deals, according to an analysis by global advisory firm KPMG.
The first half of 2013 saw global deals of infrastructure assets worth US$16.6 billion, by the end of the third quarter this figure had risen to US$23.5 billion, which already exceeds total annual deal values fo
California saw a decline in overall traffic deaths for the fifth year in a row. According to federal government figures, total vehicle fatalities dropped 11.9 per cent, from 3,081 in 2009 to 2,715 in 2010. Since the latest high of 4,333 in 2005, the 2010 figures show a total decline of 37.3 per cent.
