Mexico's planned high-speed rail project looked like tit was full speed ahead until the country rescinded the original construction contract, awarded to the China Railway Construction Corp. A new round of bids is expected soon.
English Prime Minister Gordon Brown is confident that the 2012 Summer Olympics will bring a big economic benefit to London. But with costs rising beyond expectations, some are skeptical of the PM's prediction.
Big metropolitan transit agencies are struggling through the recession, with many considering cutting services and raising fares, according to astudy by Transportation For America and Transportation Equity Network.
Back in September, we reported that the trust fund had to receive an $8 billion bailout. Reuters reports that a second bailout is required to prevent the fund from going broke by August. Sen. Boxer indicates she supports indexing the gas tax.