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SANDAG refinances mid-coast trolley extension, saving $123 million

The san diego association of governments has refinanced a transportation loan for the mid-coast trolley project, which could save more than $123 million during the life of the 25-year loan, it was announced tuesday.

The transportation infrastructure finance and innovation act loan was refinanced from 2.72% to 1.75%, and comes in the final year of construction of the mid-coast trolley project, which will extend the UC san diego blue line trolley 11 miles, from old town to the university community. The project will add nine new trolley stations, including two on the UC san diego campus. Service is expected to begin in late 2021.

“refinancing the loan for the largest infrastructure project in the region’s history is great news for the region,” said catherine blakespear, SANDAG chair and encinitas mayor. “reducing the long-term borrowing costs for this project means there is more money available for other critical transportation projects.”

In march 2020, when the federal reserve cut interest rates and the 30- year treasury rate dropped, SANDAG staff requested discussion with the U.S. Department of transportation’s build america bureau to investigate options to lower the TIFIA loan. By july, a strategy was in place and work began to replace the earlier loan agreement with a new, lower-rate agreement.

In november 2020, SANDAG’s board of directors voted to reduce the total debt service and approved the refinancing of the TIFIA loan.

SANDAG was awarded the initial $537.5 million TIFIA loan from the build america bureau in june 2017.

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Flexible pipes market value to increase over $123 million during 2020-2024 | post-pandemic industry planning structure | technavio

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Technavio has announced its latest market research report titled global flexible pipes market for oil and gas 2020-2024 (graphic: business wire)

LONDON--( BUSINESS WIRE )--the global flexible pipes market for oil and gas is expected to grow by USD 123.54 million, progressing at a CAGR of over 2% during the forecast period. The outbreak of the COVID-19 pandemic has negatively impacted the growth of the market. The increasing incidence of COVID-19 has affected oil and gas manufacturing and related activities and subsequently the demand for flexible pipes. However, the growing demand for energy from developing countries such as china and india and increasing investments in the oil and gas industry in southeast asia is expected to open new opportunities for market players during the forecast period.

For a more detailed analysis, get a free sample report delivered in a minute

"one of the primary growth drivers for this market is the rising investment in upstream oil and gas activity,” says a senior analyst for the energy industry at technavio. The growing population and rapid urbanization have increased the global demand for energy. This is compelling many countries to explore untapped oil and gas resources using advanced technologies. It has increased investments in mature oil and gas fields, which is driving the demand for flexible pipes for oil and gas production.

Flexible pipes market for oil and gas segment highlights for 2020

The flexible pipes market for oil and gas is expected to post a year-over-year growth rate of 0.58%.

Based on the type, the market witnessed maximum growth in the HDPE segment in 2019. The growth of the segment can be attributed to the rising number of offshore contracts being given to drilling companies in search of more oil.

The growth of the market in the segment will be significant over the forecast period.

Regional analysis

44% of the growth will originate from the MEA region.

The market in MEA will be driven by the abundance of shale oil and gas reserves in the region.

Saudi arabia, iran, and the UAE are the key markets for flexible pipes for the oil and gas industry in MEA. Market growth in this region will be slower than the growth of the market in APAC and south america.

View our market snapshot to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related reports on energy include:

Global offshore oil and gas pipeline market - global offshore oil and gas pipeline market is segmented by product (gas and oil) and geography (europe, MEA, APAC, south america, and north america). Click here to get an exclusive free sample report

Global oil and gas conductor pipe market - global oil and gas conductor pipe market is segmented by application (onshore and offshore) and geography (north america, APAC, europe, MEA, and south america). Click here to get an exclusive free sample report

Notes:

The flexible pipes market for oil and gas size is expected to accelerate at a CAGR of over 2% during the forecast period.

The flexible pipes market for oil and gas is segmented type (HDPE, PA, PVDF, and others), geography (north america, MEA, south america, APAC, and europe), and application (offshore and onshore).

The market is fragmented due to the presence of many established vendors holding significant market share.

The research report offers information on several market vendors, including airborne oil & gas BV, continental AG, flexsteel pipeline technologies inc., general electric co., MAGMA GLOBAL ltd., national oilwell varco inc., prysmian spa, shawcor ltd., technipfmc plc, and wienerberger AG

Register for a free trial today to access 17,000+ market research reports using

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 fortune 500 companies. This growing client base relies on technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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NHT to spend $123 billion on affordable housing over next two fiscal periods

Saturday, december 19, 2020

KINGSTON, jamaica — the national housing trust (NHT) is projected to spend $58 billion in the 2021/2022 financial year, and another $65 billion in the ensuing fiscal period, as it continues to provide affordable housing solutions for jamaicans.

This was disclosed by minister without portfolio in the ministry of economic growth and job creation, senator aubyn hill, while piloting the national housing trust (amendment) (special provisions) act, 2020, during the sitting of the senate on friday.

He noted that the NHT's core purpose is being improved and “progress is being made to achieve its main objective of building many more housing solutions for the deserving jamaican people.”

“with that volume of expenditure, the government will remain focused….Bringing more housing solutions that jamaicans can afford to the market,” he added.

Senator hill said that the government is increasing its investment in housing developments despite the continued annual withdrawal of $11.4 billion from the NHT to support the budget for the next five years, which the bill, that was approved, will facilitate.

“next year, even after the draw down, the NHT's housing expenditure is programmed to be 2.6 times (260 per cent) more than what the NHT spent on housing in 2016/2017. In the following year (2022/2023), the NHT is expected to spend on housing expenditure, three times (300 per cent) as much as it did in 2016/17,” he pointed out.

He noted that the continuation of the drawdown from the NHT is necessary given the severe impact of the coronavirus (COVID-19) pandemic on the economy.

Senator hill contended that “an important requirement for a quick economic recovery will be for us to be able to continue almost as normal without compromising macro-economic stability or significantly interrupting the government's investment programme, or the services to our jamaican people.”

“so…if we have to respond by either significantly interrupting the investment programme of the government for multiple years, or by curtailing services being offered, we would prolong the time to economic recovery. For these reasons, due to the extremely severe economic effects of the COVID-19 pandemic, we are really obliged to continue the contributions from the NHT,” he stressed.

According to the bill's memorandum of objects and reasons, it is estimated that the discontinuation of the $11.4 billion contribution provided by the NHT, during the present economic climate, will result in a further reduction in the government's financial resources and will impair the state's ability to implement social well-being measures required to stabilise the economy and facilitate economic growth.

Senator hill noted that today, the NHT spends nearly five times as much on housing expenditure as it does on the contribution to the government. This is up from two times when the drawdown first occurred in 2013.

“yes, we are getting from NHT but the amount of the cash flow that we are taking is smaller and the amount of money spent on houses is significantly larger, therefore, the objective of the NHT is being kept while we use this money at this time given an extremely extraordinary pandemic period,” he argued.

Hill further pointed out that due to the pandemic, government revenues are expected to decline by at least $84 billion for fiscal year 2020 to 2021. For the first seven months of this fiscal year up to october 2020, government revenues declined by $60 billion.

“so, both the actual and projected declines are direct results of the COVID-19 pandemic…in fact, because of the pandemic, which is something unusual for over a hundred years, we propose an extension of the NHT contributions across the economic recovery period that is, for another five years,” he said.

The arrangement, which was to have ended in march next year, will instead expire in march 2026.

Zimbabwe outlines $123 million to plug broadband hole

Zimbabwe’s telecoms regulator outlined $123 million was needed to deliver on its plan to bring connectivity to all districts of the country.

News day reported, the postal and telecommunications regulatory authority of zimbabwe (POTRAZ) made this statement in its zimbabwe national broadband plan consultation paper.

The paper outlined plans to deliver connectivity to all districts of zimbabwe up to 1mbps connectivity over the next 10 years, it needs to lay an outstanding 1,848km of fibre (to a total of 12,000km) which will cost the aforementioned multi-million-dollar investment.

“furthermore, there was a need for the deployment of complementary backhaul transmission systems to feed access nodes. To enhance network reliability there was a need for network redundancy for all the links”, said POTRAZ.

“the requirement for stable and uninterrupted power could never be overemphasised. A considerable parentage of the optical fibre cable was over-head, which brought about vulnerability to theft, vandalism and fire.

“there was a need to invest more in underground fibre and optical ground wire (also known as an OPGW) on power pylon,” the watchdog said.

The zimbabwean government allocated $89 million to the ICT sector earlier this month, finance minister mthuli ncube said upgrading infrastructure was a top priority of the country.

The US department of energy’s (DOE’s) office of energy efficiency and renewable energy (EERE) announced approximately $123.6 million in funding, as well as $44.7 million of cost share, for 46 projects in 23 states to stimulate technology innovation, improve the energy productivity of american manufacturing, and enable the manufacturing of cutting-edge products in the united states.

Projects selected under this funding opportunity announcement will aim to improve energy efficiency in energy-intensive processes, and facilitate the transition to emerging, cost-competitive energy technologies in domestic production in three areas.

Efficiency improvements in advanced manufacturing processes: $69.4 million for 27 projects focused on next-generation manufacturing processes that improve energy efficiency in energy-intensive and energy-dependent industries, including steel manufacturing, drying, machine learning, additive manufacturing, and ceramic matrix composites production.

Efficiency improvements in chemical manufacturing: $25 million for eight projects focused on modular, hybrid, or catalytic processes to reduce energy use in chemical manufacturing. Selected projects will explore innovative technologies, tools, methodologies, and data analytics, including those that enable modularized and distributed systems driven by a variety of energy sources.

Connected, flexible, and efficient manufacturing facilities, products, and energy systems: $29.1 million for 11 projects that support manufacturing’s role in national energy initiatives, including the potential for integrating carbon capture from dilute sources into industrial processes as well as the active role that district energy systems can play in stabilizing the electricity grid by connecting with flexible combined heat and power systems and renewable generation capabilities.

Flexible pipes market value to increase over $123 million during 2020-2024 | post-pandemic industry planning structure | technavio

Download

Technavio has announced its latest market research report titled global flexible pipes market for oil and gas 2020-2024 (graphic: business wire)

For a more detailed analysis, get a free sample report delivered in a minute

Flexible pipes market for oil and gas segment highlights for 2020

The flexible pipes market for oil and gas is expected to post a year-over-year growth rate of 0.58%.

Based on the type, the market witnessed maximum growth in the HDPE segment in 2019. The growth of the segment can be attributed to the rising number of offshore contracts being given to drilling companies in search of more oil.

The growth of the market in the segment will be significant over the forecast period.

Regional analysis

44% of the growth will originate from the MEA region.

The market in MEA will be driven by the abundance of shale oil and gas reserves in the region.

Saudi arabia, iran, and the UAE are the key markets for flexible pipes for the oil and gas industry in MEA. Market growth in this region will be slower than the growth of the market in APAC and south america.

View our market snapshot to learn about report detailed analysis and insights on how you can leverage them to grow your business.

Related reports on energy include:

Notes:

The flexible pipes market for oil and gas size is expected to accelerate at a CAGR of over 2% during the forecast period.

The flexible pipes market for oil and gas is segmented type (HDPE, PA, PVDF, and others), geography (north america, MEA, south america, APAC, and europe), and application (offshore and onshore).

The market is fragmented due to the presence of many established vendors holding significant market share.

The research report offers information on several market vendors, including airborne oil & gas BV, continental AG, flexsteel pipeline technologies inc., general electric co., MAGMA GLOBAL ltd., national oilwell varco inc., prysmian spa, shawcor ltd., technipfmc plc, and wienerberger AG

Register for a free trial today to access 17,000+ market research reports using

Intuit prosperity hub program generates 2,200 jobs and $123 million annual economic activity for communities in need

MOUNTAIN VIEW, calif.--( BUSINESS WIRE )--intuit inc. (nasdaq: INTU), maker of turbotax, quickbooks, and mint, today unveiled an update on the economic and societal impact of its prosperity hub program, including the generation of 2,200 jobs and $123M annual economic contribution to communities in need. Since the program launched in 2016, intuit has worked with select partners in each prosperity hub to create new jobs and deliver programs that benefit the community through customer success centers, educational institutions, financial empowerment initiatives and small business success centers.

Intuit prosperity hubs are located in seven communities across the U.S. And internationally, including bluefield (WV), hazard (KY), johnstown (PA), lawton (OK), morristown (TN) and wise (VA) and corner brook (canada), with an additional location set to launch in the united kingdom in late october 2020. Intuit selects communities that are considered to have low levels of economic well-being, according to the economic innovation group’s distressed community index, and that would benefit disproportionately from stepped up investment and employment opportunities. For every $1.00 intuit invested into the prosperity hub program over the past year, recipient communities (U.S. Only) have experienced as much as a $1.83 in positive economic impact.

Jobs through intuit’s prosperity hub program are implemented by key employer-partners including alorica, concentrix, sitel and sykes. Approximately one-third of the jobs are permanently virtual, and designed for people in military communities, who must often relocate, and people with varying abilities. The program's U.S. Workforce and its $63M in annual employee compensation have contributed $123M in economic activity over the past year (sage policy group).

“not only is intuit creating jobs in bluefield, but they provide our local businesses and entrepreneurs with support and educational resources from their area of expertise,” said jim spencer, executive director, bluefield WV economic development authority. “we’ve seen the economic impact of intuit’s prosperity hub program firsthand, as it changes lives throughout bluefield. We’re thrilled to see intuit doubling down on growing the program and expanding support for communities in need.”

Intuit’s prosperity hub program is part of intuit’s ongoing corporate responsibility initiative to create jobs and support career readiness across underserved communities. In addition to creating new jobs, intuit partners closely with each prosperity hub community to offer career readiness and financial empowerment programs, and equip entrepreneurs to start and build successful businesses. In the last year, intuit has introduced and bolstered several key initiatives, such as:

Career readiness through education programs, both in prosperity hub communities and in school systems across the U.S., supported over 150,000 students and educators with skills-building opportunities, business simulations, career exploration assistance and workshops designed to bolster career readiness and close the 21 st century skills gap.

Prosperity hub school district program increased access to entrepreneurship and personal finance education for students living in prosperity hub communities. Intuit is piloting a version of this program across select prosperity hub communities, and is planning to expand to additional qualified districts in 2021.

Saverlife partnership helped thousands of community members pledge and maintain the habit of savings. With funding from intuit, saverlife, a national not-for-profit, customized its program for concentrix and alorica employees and residents of johnstown and bluefield. With above average participation rates for employers and communities, the average net increase in savings in bluefield and johnstown totaled $442 and $211 per family, respectively. The saverlife program will be rolled out across all U.S. Prosperity hub locations in 2021.

Small business success centers launched in wise and bluefield, providing over 50 in-person and virtual training sessions and workshops to equip entrepreneurs and small business owners with skills in cash management flow management, moving a business online and design thinking. A virtual small business success platform is currently in development, bringing these resources and more to all prosperity hub communities in 2021.

“communities around the world are feeling the devastating effects of the global pandemic, climate change and shifting economic circumstances, all conditions that make it more difficult to find jobs and prepare for future careers,” said lara balazs, intuit GM, strategic partner group and CMO. “this past fiscal year, we’ve doubled down on our mission to power prosperity around the world by formally adding communities as a key stakeholder group. We have only strengthened our resolve, as a company, to help accelerate prosperity and build resilience in communities in need.”

Through its job creation efforts, intuit aims to increase the number of jobs offered in prosperity hub communities to 7,000 by 2023, and plans to ramp up the number of virtual job opportunities that afford job-seekers the flexibility they need.

Intuit’s mission is to power prosperity around the world. We are a mission-driven, global financial platform company with products including turbotax, quickbooks, mint and turbo, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million customers worldwide. Please visit us for the latest news and in-depth information about intuit and its brands and find us on social.

Skwama womens

The la sportiva skwama women's is the low-volume version of the la sportiva skwama, a mid-stiffness, highly sensitive high-end performance bouldering and sport climbing shoe. Compared to the solution, the skwama women's is softer and slightly more asymmetrical, making it more sensitive and precise as well as better at smearing on slabs. This combined with the vibram XS grip2 rubber make it a perfect high-performance shoe for hard climbing. Features include the S-heel, a heel cup with an incompressible piece of rubber which increases torsional stability and rigidity whilst heel-hooking and blocking, and a split sole which allows the sole to spread a little when weighted to reduce any edge deformation.

Technical specifications

Upper: microfibre in combination with suede leather, tubular construction

Midsole: 0.8mm laspoflex with P3®

Sole: 3.5mm vibram® XS grip2

Patented S-heel™ construction provides optimal heel hooking maneuverability and the perfect heel cup fit

P3® patented technology coupled with the new innovative split-sole construction allows the sole to spread when weighted, reducing edge deformation

Sticky rubber toe patch for toe hooks and scums

Video reviews

La sportiva skwama review - weigh my rack

How I choose the correct size?

All climbing shoe models fit differently. We put together our 'shoeculator' to help you find the right size in a new model, compared to your old climbing shoes or street shoes.

This sizing advice is based on two pairs of brand new shoes. Leather shoes tend to stretch more than synthetic shoes. When switching from synthetic to leather you may want to select a smaller size.

Technical specifications

Upper: microfibre in combination with suede leather, tubular construction

Midsole: 0.8mm laspoflex with P3®

Sole: 3.5mm vibram® XS grip2

Patented S-heel™ construction provides optimal heel hooking maneuverability and the perfect heel cup fit

P3® patented technology coupled with the new innovative split-sole construction allows the sole to spread when weighted, reducing edge deformation

Sticky rubber toe patch for toe hooks and scums

Got a question about this product?

If you have a question about this product, or would like any technical advice don't hesitate to post a question using the link below and one of our team of gear experts will reply as soon as possible.

$123 million ADB loan to help build elevated walkways in manila

MANILA, PHILIPPINES (14 december 2020) — the asian development bank (ADB) has approved a $123 million loan to help the philippines build safe, wide, well-lit, and disaster-resilient elevated walkways for pedestrians along manila’s most congested thoroughfare, the epifanio de los santos avenue (EDSA).

The EDSA greenways project will help the government construct 5 kilometers of covered walkways, which will be linked to mass transit stations along EDSA, namely the balintawak, cubao, guadalupe, and taft stations. The 5-meter-wide structures, equipped with elevators and monitoring systems, will be easily accessible for pedestrians, including the elderly, pregnant women, young children, and people with disabilities.

“the EDSA greenways project is an integral part of the government’s transport strategy to make metro manila a better place to live, work, and visit,” said ADB’s southeast asia transport and communications director hiroaki yamaguchi. “this project is an important part of our contribution to helping make that vision a reality for filipinos.”

The project is part of the government’s “build, build, build” infrastructure development program aimed at boosting public spending on infrastructure to attract investments, provide improved connectivity, and spur economic growth.

“this project will encourage more filipinos to switch from private vehicles to public transport, which is being strengthened with the north–south commuter railway, the metro manila subway, and the upgraded light rail/metro rail transit systems. The project, to be built with cutting-edge technology for cantilever overhead walkways, will provide safe, inclusive, and equitable access for commuters while lowering CO₂ emissions,” said ADB senior transport specialist for southeast asia shuji kimura.

Metro manila is considered the most congested city in asia in terms of population, land area, and length of road networks, based on ADB’s 2019 asian development outlook. Annual average daily traffic on EDSA reached 405,882 vehicles in 2019, up about 6% from 383,828 in 2018, according to the metro manila development authority, a government agency.

The project will support metro manila’s recovery from the coronavirus disease (COVID-19) pandemic. It is expected to create much-needed jobs during the construction period, with php3 billion ($61 million) to be spent on local raw materials. The civil works contracts for the project are expected to be awarded during the first half of 2021.

The project, including improving existing walkways and building new elevated walkways, is expected to cause minimal traffic disruptions. An international consulting firm has been hired to work on the project’s feasibility study with the department of transportation, with funding from ADB’s infrastructure preparation and innovation facility.

The project will also be supported by a $15 million loan from the association of southeast asian nations (ASEAN) catalytic green finance facility, which will be administered by ADB.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable asia and the pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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