Thailand plans to reintroduce a tourism tax of 300 baht (approximately US$8.20) by 2025 to generate revenue and improve infrastructure. The tax, initially approved in 2022, will be levied on all visitors, with varying fees based on arrival method. The move comes as Thailand expects a significant increase in tourist arrivals this year, contributing to a projected boom in tourism revenue.
Mumbai’s MMRDA has proposed an ambitious plan to build seven ring roads spanning 90.18 km, aiming to revolutionize city travel and reduce travel time to a mere hour. This massive project will involve infrastructure upgrades like metro lines, bridges, flyovers, and slum development, all with a projected cost of ₹3 lakh crore.
Crown Electrokinetics Corp (CRKN) stock is surging on Monday after its PE Pipelines division secured two contracts worth $33 million for lead pipe remediation. The work on these projects is scheduled to start in January 2025, showcasing the growing demand for lead pipe remediation solutions. This news highlights Crown Electrokinetics’ commitment to addressing critical infrastructure needs and its ability to execute on its strategic plan.
The global grouting materials market is set to experience substantial growth, with a projected compound annual growth rate (CAGR) of 5.3% from 2023 to 2031. This expansion is fueled by increasing investments in infrastructure projects, the growing focus on renovation and repair, and the demand for eco-friendly and innovative grouting solutions. The market is segmented by type, end-use, and region, with chemical grouting, the building and construction sector, and Europe leading the way. Key players in the industry include BASF SE, Sika AG, Fosroc International Ltd., and others, who are driving innovation and competition in the market.
ERGOSE, the Greek railway infrastructure manager, is undertaking major rail projects in northern Greece, aiming to transform the region into a key transportation hub connecting Asia, the Balkans, and Europe. These upgrades promise to boost trade, create jobs, and enhance the country’s competitiveness on the global stage.
The Kalimpong district in India is undergoing a tourism revival plan, focusing on infrastructure improvements and adventure sports promotion. This follows a period of decline due to natural disasters and road closures. The district administration is collaborating with the Gorkhaland Territorial Administration (GTA) and stakeholders to restore the region’s attractiveness to tourists.
Aruba Tourism Authority (A.T.A.) and Aruba Airport Authority (AAA) unveiled their ambitious Gateway 2030 project, a transformative initiative to enhance the travel experience and boost tourism. The project aims to upgrade airport infrastructure, improve operational efficiency, and cater to the growing global travel demand while prioritizing sustainability.
China is investing heavily in the development of the Ningbo-Zhoushan high-speed railway, a 77-kilometer project connecting the Zhoushan Islands to the mainland. This ambitious project, featuring innovative dual-purpose rail-road infrastructure, will significantly enhance regional connectivity, reduce travel times, and contribute to China’s Belt and Road Initiative.
A Pune Municipal Corporation (PMC) truck fell into a sinkhole that suddenly appeared in the parking area of the City Post Office in Budhwar Peth, Pune. The driver escaped unharmed, but the incident has raised concerns about infrastructure and underground work in the area.
Tripura’s tourism sector has seen a significant surge, attracting over 545,000 tourists in 2023-24. To further enhance tourism infrastructure, the state secured a loan of INR 180 crore from the Asian Development Bank (ADB). This funding will support the renovation of historical landmarks like Pushpabanta Palace and Tripureswari Temple, as well as the development of adventure tourism activities.
