With higher oil prices and diversified revenue sources, the Gulf States are picking up the pace on rail investment with many major projects back on the agenda, as IRJ Pro Market Analyst Oscar Sinclair explains. (All financial figures in U.S. dollars.)
Author: Oscar Sinclair
The North American light rail transit (LRT) renaissance began in the late 1970s and early 1980s, starting with Edmonton in 1978 and followed by Calgary and San Diego. More than 40 years later, LRT remains the most appealing mode of new public transportation for many North American cities.