By the end of the last century, the world transitioned from predominantly rural to equal rural-urban living. Many estimates predict that by year 2050 two-thirds of the world's population will live in cities due to the ever-increasing rural to urban migration.
The National Highways Authority of India (NHAI) has cancelled the December 6 tender for the six-laning of the Bengaluru-Mysuru expressway without assigning any reason, raising doubts about the future of the ambitious project, according to a news report.
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
In response to the collapse of oil prices in 2014 and the continuing low price environment for natural gas, leading US oil & gas companies have concentrated on improving their capital effectiveness and delivering more value with less investment.