Most Londoners still clueless about plans for Olympic traffic July 18, 2012 THE VAST majority of Londoners are still in the dark over how their routes around the City will be affected during the Olympics, according to research released today. Seventy-one per cent of Londoners asked said they did not know when Olympic road restrictions would start and finish, while 73 per cent were clueless as to [...]
CITY MOVES | WHO’S SWITCHING JOBS July 18, 2012 Baroda Pioneer The asset management firm has appointed Jaideep Bhattacharya as its managing director. He joins from UTI Mutual Fund, where he was previously group president and chief marketing officer. Bhattacharya has also held senior roles at ICICI, the Indian bank. VTB Capital Peter Stonor has been appointed global head of infrastructure and transport for [...]
CITY VIEWS | ARE YOU WORRIED ABOUT SECURITY DURING THE OLYMPICS? July 17, 2012 OLLIE ROSEWELL IG INDEX It’s unfortunate they’ve had to bring the army in so late in the process; I would have paid G4S a bit more and managed them more closely, if it had been my decision. With so many people coming in and out of London, I think the inner city area, the transport [...]
RAPID RESPONSES July 17, 2012 Fluid populations [Re: Britain’s booming population has reinforced London’s power, yesterday] This is correct. Few in the UK grasp the need for educated and experienced immigrants. Even fewer UK companies know how to employ and capitalise on the educated and well-connected people who move here. Thank goodness for UK-based international multinationals. Alan Fourie Many young families [...]
Traffic jam chaos greets athletes July 16, 2012 ATHLETES from around the world started arriving in London yesterday ahead of the Olympics, just in time for a snarl-up caused by confusion over Olympic lanes, giving the first sign of the widely predicted chaos on the capital’s congested roads. The immediate cause of the hold-up appeared to be the launch of the first section [...]
Dave and Nick renew vows as business heads back rail plans July 16, 2012 PLANS to invest £9.4bn in rail projects between 2014 and 2019 were given a warm reception by business leaders yesterday, as the coalition partners insisted they would spend the entire parliamentary term together. As expected, the government yesterday confirmed a programme of investment that will see the Midland Main Line electrified between Sheffield and London and [...]
The government is off track with its uneconomic transport policy July 16, 2012 IS ELECTRIFYING branch lines in Wales a top priority for transport investment? It seems unlikely. But then again the government’s plans to invest £9.4bn in rail infrastructure show scant regard for economics. Cynical political calculation seems to be the driving force. Regional interests have long complained that London receives a disproportionate share of transport spending. [...]
Does London need designated Games lanes to manage road traffic during the Olympics? July 16, 2012 YES Gareth Emmerson The Olympic Road Network (ORN) is a requirement of the Host City contract and is vital in ensuring all athletes, officials and the world’s media get to their London 2012 Games events on time. In total, the ORN covers 109 miles across London, although Games lanes will only be used on 30 [...]
Government to announce £9bn railway scheme July 15, 2012 LONDON will gain an electrified railway service to Sheffield and plans to reopen the line between Oxford and Cambridge will take a step forward as part of a £9bn rail funding package that the government is expected to announce today. Transport secretary Justine Greening will unveil a UK rail investment plan for 2014-2019 that includes [...]
Goldman Sachs: A host of medals might make up for Olympic costs July 11, 2012 HISTORICALLY, the financial reward of hosting the Olympics has been mixed: the 1972 Munich Olympics and the 1976 Montreal Olympics made significant losses, while the Games held in Los Angeles (1984), Barcelona (1992) and Atlanta (1996) each made a profit. Moreover, if you fully account for all of the costs related to the hosting of [...]