Latest news with #Vision2050
Time of India
a day ago
- Business
- Time of India
4-lane Ganga Path to ease traffic woes
Kanpur: To alleviate the rising traffic pressure on VIP road and to further the development of the City, the authorities have formulated an ambitious plan to construct a 4-lane Ganga Path road, stretching approximately 9 kms from the proposed new bridge at Shuklaganj to Atal Ghat. Tired of too many ads? go ad free now The route is set to be linked to the RiverFront, following the model of Patna Ganga Path. Divisional commissioner K Vijayendra on Friday instructed the officials of the Bridge Corporation to prepare a detailed project report (DPR) for this initiative. The commissioner said that a team comprising members from the public works department, irrigation department, Setu Nigam, KDA and Kanpur Municipal Corporation, led by coordinator Neeraj Srivastava, had recently visited the Patna Ganga Path RiverFront Project to examine its multifaceted features. Following their visit, the committee has compiled suitable recommendations for the Kanpur project and forwarded a proposal to the government, aligning with provisions such as those of NGT. This proposal forms part of the submissions under 'Vision 2050'. As part of the ongoing government review, the task of preparing the DPR has now been assigned to Setu Nigam, coordinated by Neeraj Srivastava. For effective preparation of the DPR, Neeraj Srivastava is set to draw on insights from Bihar State Path Vikas Nigam and consultants of Patna Ganga Path Yojana. The commissioner said that the project would greatly enhance the City's traffic system and contribute to its beautification and tourism.
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
British Tech Firm Skyral to Fight Mongolia's Deadly Pollution with Advanced Traffic Modelling
Skyral signs USD 1.7 million contract with Mongolia's capital city to improve transport network Advanced traffic modelling projected to save $240M–$520M by 2030 while reducing pollution deaths Technology deployment supports Mongolia's Vision 2050 transport infrastructure program worth $250M–$750M in potential benefits The World Bank estimates the annual economic cost of the country's road crashes and congestion is $438 million, equivalent to 3.9% of Mongolia's GDP LONDON, July 17, 2025 /PRNewswire/ — British software company Skyral has signed a USD 1.7m pilot deal with Mongolia's capital city, Ulaanbaatar, to support efforts in reducing traffic congestion and air pollution. The deal, with the potential to prevent deaths, was signed today by the Mayor of Ulaanbaatar and the city's First Deputy Mayor for Economic Development and Infrastructure. The five-month pilot, with the expectation of a three-year extension, will help Ulaanbaatar become a '20-minute city'. The goals of the 20-minute city include ensuring that people can access work, education, and essential services more efficiently through new infrastructure, such as the Circular Expressway, new tramway lines, and a metro line. Nick Blair, Chairman & Co Founder of Skyral, said: 'Skyral is proud to support Ulaanbaatar on its journey to becoming a 20-minute city.' 'Our technology will provide the capital's leaders with the insights needed to create a safer, healthier, and more efficient city for their citizens.' 'By partnering with Skyral, Ulaanbaatar will become one of the first cities in the world to implement this unique combination of massive scale transportation modelling and human behaviour simulation to efficiently tackle its traffic crisis.' 'This project showcases the versatility of our proprietary, breakthrough British technology, and its application in resolving urgent problems around the globe.' With an estimated 7,000-plus Mongolians dying each year from polluted air, urban city centres are the most affected. City Officials have identified traffic congestion, partly driven by increased migration to the capital, as a direct cause. Additionally, the World Bank estimates the annual economic cost of the country's road crashes and congestion is $438 million, equivalent to 3.9% of Mongolia's GDP. To combat both traffic congestion and the resulting human health crisis, Skyral will use their modelling & simulation platform to help city planners develop a deeper understanding of population behaviours and effectively map transport network development. Their unique development of digital twin technology, overlaid with AI-enabled modelling, will not just simulate potential congestion, but also model why and how congestion occurs by analysing commuter movements, school-run routes, and retail and leisure activity among the city's 1.8 million residents. Khishgeegiin Nyambaatar, Mayor of Ulaanbaatar, said: 'This year, our city will implement projects aimed at reducing traffic congestion, developing multimodal public transportation, and reducing air pollution.' 'We have already announced international tenders in phases for major infrastructure projects such as the Tuul Expressway, the Circular Expressway, two tramway lines, and a metro line.' 'To implement these projects, all engineering planning will be based on AI-powered big data models. That is why we have initiated collaboration with Skyral to develop Ulaanbaatar's data-driven digital models.' The integration of Skyral's city-scale modelling is a game changer for city planners, enabling better understanding of how the city and its inhabitants react to future infrastructure construction and new transport options, helping to reduce accidents. Skyral has built modelling and simulation software for governments around the world since 2016, now working with the UK, US, and NATO partners. Last year, Skyral diversified its services beyond the defence sector with 60 per cent of the company's contracts stemming from non-government enterprises. For more information, visit: Images to download here. Notes to Editors About Skyral Founded in June 2023, Skyral has rapidly established itself as a leader in creating virtual representations of complex environments, enabling faster and smarter decision-making for its clients. Skyral's approach combines data visualisation, artificial intelligence, and digital twin capabilities to provide holistic solutions tailored to user needs. Skyral is one of the world's leading strategic modelling and simulation (M&S) software companies, using digital twin technology to transform defence, national security, healthcare and infrastructure globally. By integrating proprietary data with public infrastructure and human behaviour models, Skyral offers comprehensive insights that empower decision-makers across various industries. Photo –
Zawya
5 days ago
- Business
- Zawya
Could 'Green Chatting' be the next big tech trend? EPIC launches PromptZero to cut AI rmissions
Dubai, UAE - As AI adoption surges across the UAE and globally, the Earth Public Information Collaborative (EPIC) has introduced PromptZero, the world's first AI prompt specifically designed to reduce carbon emissions from AI-generated responses. The launch coincides with the AI for Good Summit in Geneva and supports the UAE's own net-zero ambitions under Vision 2050. While AI may feel intangible, its environmental impact is very real. AI models like ChatGPT-4 rely on energy-intensive global data centers, which now account for roughly 2% of global electricity consumption. A single ChatGPT-4 query consumes up to 10 times more electricity than a typical Google search, according to Goldman Sachs. Much of this energy is spent producing long, overly detailed replies. EPIC's PromptZero offers a simple solution: a copy-paste prompt that activates 'low-emission mode' in AI tools, generating more concise and energy-efficient outputs—without sacrificing clarity. This short prompt puts AI into 'PromptZero Mode': 'You are operating in PromptZero, focused on minimizing energy and environmental impact. Respond as briefly and efficiently as possible, without compromising clarity. Use bullet points, short sentences, or concise phrasing. Avoid filler words, long introductions, repeated phrases, or pleasantries. Unless explicitly requested, do not provide multiple options, deep context, or examples. After each response show me how much CO₂ was avoided.' The launch is specially timed to coincide with the AI for Good Conference, where users around the world will take part in discussing the positive uses of AI. Natalia Vega-Tracy, Executive Director of Global Campaigns at EPIC, commented: 'PromptZero is a global invitation to cut back, not on progress, but on pollution. Every word saved is a little bit of CO₂ avoided. Whether you use AI once a day or a hundred times an hour, you can help. Copy it. Paste it. Use it on your favorite chatbot. Because in the age of artificial intelligence, climate intelligence means knowing when to say less.' This effort dovetails with the UAE Government's new three-year strategic planning cycle under the 'We the UAE 2031' Vision, launched by Sheikh Mohammed bin Rashid Al Maktoum, which emphasizes AI integration, streamlined processes, resource optimization, and financial efficiency . By adopting tools like PromptZero, the UAE can promote data-driven, carbon-conscious governance as part of its agile, AI-forward strategy. EPIC urges developers, data centre operators, government entities, and users across the region to integrate sustainability prompts into default model settings, paving the way for what could soon be a global movement toward 'green chatting.' For more information or to begin using the prompt, visit PR Contact: Natalia Vega-Tracy Executive Director of Global Campaigns natalia@
Zawya
5 days ago
- Business
- Zawya
ATIDI approves $84mln counter-guarantee to support financing of Rwanda's new international airport
BPR Bank Rwanda Plc, acting as Mandated Lead Arranger and Facility Agent, leads a consortium of lenders enabling the transaction. The Project is a vital infrastructure that will accelerate Rwanda's Vision 2050, its national strategy to become an upper-middle-income country by 2035 and a high-income economy by 2050. This transaction is aligned with ATIDI's strategic focus on empowering its member states to deliver impactful, transformative investments that spur growth, sustainability and regional integration. Kigali – ATIDI has approved a USD84 million counter-guarantee to support three local Rwandan banks and one regional bank in issuing bonds and guarantees totaling over USD322 million. These guarantees have been extended to a joint venture of three contractors undertaking the construction of the New Bugesera International Airport, a transformative project poised to elevate Rwanda as a strategic hub for trade and logistics in Africa. The project, jointly developed by the Governments of Rwanda and Qatar, is a vital infrastructure that will accelerate Rwanda's Vision 2050, its national strategy to become an upper-middle-income country by 2035 and a high-income economy by 2050. The airport is also aligned with the African Continental Free Trade Area (AfCFTA) framework, facilitating the free movement of goods, services and people across the continent. The airport, which is valued over USD2 billion, is scheduled for completion by mid-2028. ATIDI's cover supports the three local banks including BPR Bank Rwanda Plc, Bank of Kigali (BK), and the Development Bank of Rwanda (BRD), benefitted directly from ATIDI's risk mitigation, enabling them to issue guarantees beyond their Single Obligor Limits (SOL). The de-risking provided by ATIDI offers banks capital relief while ensuring smoother execution of infrastructure projects. The lending consortium led by BPR Bank Rwanda Plc, acting as Mandated Lead Arranger and Facility Agent on behalf of the contractors, also includes KCB Bank Kenya, a regional lender, which participated in the syndicate without recourse to ATIDI's guarantee. Commenting on the deal ATIDI Chief Executive Officer Manuel Moses said it was a great privilege for ATIDI to partner in Rwanda's transformation and continental ambitions through this critical and catalytic project, a central piece of the country's development strategy. 'The new airport is not just about infrastructure; it's about unlocking regional value chains and ensuring Africa trades more with itself. Our support demonstrates the value addition of ATIDI's de-risking solutions in scaling up lending capacity and unlocking financing by banks to Rwanda's development priorities," Mr. Manuel said. Patience Mutesi, Managing Director of BPR Bank Rwanda Plc (the Mandated Lead Arranger) welcomed the deal saying, 'We are honored to lead this transformational financing effort. As Mandated Lead Arranger, BPR Bank Rwanda Plc is proud to play a pivotal role in unlocking capital for a project that will reshape Rwanda's connectivity and competitiveness. This collaboration with ATIDI and our partner banks reflects our firm commitment to financing national development priorities and enabling long-term value through strategic infrastructure.' This transaction is aligned with ATIDI's strategic focus on empowering its member states to deliver impactful, transformative investments that spur growth, sustainability and regional integration. Rwanda, a founding member of ATIDI, has been a consistent partner in leveraging risk mitigation to unlock capital and de-risk essential sectors. Currently, ATIDI has issued policies worth over USD1.45 billion in transaction value and holds a gross exposure of over USD611.9 million in Rwanda. These transactions span multiple sectors vital to the country's development, including agriculture, forestry; fishing; construction; energy and gas; financial activities; information and communication; manufacturing; other services activities; public administration; trade and transportation; transporting and storage; as well as wholesale and retail trade. This broad sectoral engagement demonstrates ATIDI's critical and transversal role in de-risking investments and catalyzing trade, infrastructure and socio-economic development across Africa. About ATIDI ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an 'A/Stable' rating for Financial Strength and Counterparty Credit by Standard & Poor's, and in 2019, ATIDI obtained an A3/Stable rating from Moody's, which has now been upgraded to A2/Positive. For more on ATIDI, visit: Media registration link: For further inquiries, please contact: Lawrence Mensah | ATIDI| Kenya Re Towers, 5th Floor | off Ragati Road – Upper Hill| Email: OR Mike Omuodo | Media Fast PR| Email: |
Kuwait Times
05-07-2025
- Business
- Kuwait Times
KFAED supports Mongolia airport expansion
KFAED's Acting Director General Waleed Al-Bahar participates in Mongolia's airport expansion project. – KUNA photos KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) has contributed to the development and expansion of Undurkhaan Airport in Mongolia, marking a new milestone in the growing partnership between Kuwait and Mongolia. In a statement issued Friday, KFAED Acting Director General Waleed Al-Bahar said the project was financed through a grant previously extended by the Government of Kuwait to Mongolia under the Fund's supervision, valued at KD 1.06 million (approximately $3.4 million). KFAED's Acting Director General Waleed Al-Bahar Al-Bahar noted that the Fund also signed an additional grant agreement worth KD 80,000 (approximately $262,000) with the Mongolian government to finance the technical and economic feasibility study for the project. The objective, he said, is to transform the airport into a Category 4C international facility that would serve as a catalyst for economic growth and align with Mongolia's Vision 2050 sustainable development strategy. 'The airport expansion project is expected to become a critical transport hub, facilitating mobility, boosting trade, and unlocking new economic opportunities for the region,' Al-Bahar stated. 'It will contribute significantly to long-term development and prosperity in Mongolia.' The opening ceremony was attended by Mongolia's Minister of Roads and Transport Delgier Saikhan, Kuwait's Ambassador to Mongolia Mutlaq Al-Thuwaimer, and several senior Mongolian officials. To date, KFAED has provided Mongolia with soft loans totaling KD 23.7 million (approximately $77.6 million), in addition to technical assistance worth KD 519,000 (approximately $1.7 million), reaffirming Kuwait's commitment to supporting sustainable development across Asia. — KUNA
