Tag: Maynard

Rabat: Africa’s Highest Suspension Bridge to Be Operational in June

Rabat – Morocco’s landmark cable-stayed bridge, which is the highest and longest of its kind in Africa, is going to be inaugurated for traffic use in June 2016.The information was announced by the Deputy Minister for Transport, Mohamed Najib Boulif, on Wednesday, May 11.The bridge, which was set across Oued Bouregreg, is 950 meters long, with three lanes in each direction, a central span of 375 meters, 100 meter deck height and two main towers of 200 meters height with an architecture inspired by the Islamic arts and architecture. This project is supposed to have important environmental and social impacts. The bridge, which is part of the highway by-passing Rabat will significantly alleviate traffic in the cities of Rabat and Salé.The Russky Bridge, connecting Vladivostok to Russky Island in Russia is the bridge with the largest range in the world with 1,104 meters. It will soon be overtaken by Yavuz Sultan Selim Bridge in Istanbul, which will be inaugurated next August and will have a range of 1,408 meters. read more

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US Chamber President warns high rents and energy costs may deter investors

first_imgIreland is a trading nation and the formula that helped this country emerge from the recession of the 1980s is basically the same one which will work for us again today and it is based on our people, our competitiveness and our open and transparent tax regime.The chamber president commented that it is important that all costs, whether they’re imposed by the state or the private sector, are controlled or even reduced.“We do not exist in isolation,” she explained. “Our international competitors are continuing to seek new ways to gain advantage over us – we cannot afford to stand still.”Office accomodationEven before the recovery began there was a debate around the need for a greater supply of high quality office accommodation for modern technology-driven businesses establishing here. If this shortage is compounded by significant price rises we will be sending the wrong message to potential investors so the decision by IDA Ireland to invest in developing suitable properties for regional investment is an appropriate and correct one.She also said the government here must continue to reiterate its commitment to the 12.5 per cent corporate tax and maintain transparency in the tax regime.There are currently 700 US companies located in Ireland and US multinationals made up 72 per cent of all IDA announcements last year.Read: American businesses welcome safety of 12.5% corporate tax>Read: Fees for injuries board cut by €250 in bid to help businesses> THE PRESIDENT OF the US Chamber of Commerce in Ireland has said that Ireland needs to closely monitor business costs – in particular energy prices and office rents – in order to stay competitive and attract foreign investors.Louise Phelan, who is also Vice President of Global Operations at Paypal, said Ireland’s competitiveness fell in recent years because we “allowed price and wage inflation to create a vicious cycle which drove up costs right across the economy”.“We must not repeat those mistakes and we must hold onto the hard won gains of the past few years,” she said.ExportsPhelan said that exports could be key to Ireland’s recovery and lessons could be drawn from the export-led growth of the late 1980s and early 1990s.last_img read more

Read More US Chamber President warns high rents and energy costs may deter investors