Track Wanted To Build Bridge To Kronan. Lulea. Kronan must have a highly improved transport connection with the center. This is what Kronan Exploatering says who now want to build an automated path in between. The municipality will now investigate. Kronan Exploatering AB is a newly formed local company that is now responsible for the development of Kronan since the state owned Vasallen withdrew from the project. The company is now submitting a proposal for a new communication between the … [Read more...]
Round 2 Finance of 5 MUSD Signed
The reason for the investment is that this company will acquire development rights at a very special and beautiful location by the sea, which is owned by the city, and can only be acquired using the "Urban Railway Development Law". Therefore this law gives us certain rights, and based on the official Memorandum of Understanding, signed by us and the Mayor of Busan on Jan 10 2010, We have exclusive rights to go ahead with the project. … [Read more...]
Nowait Revolutionizes Urban Transport and Mining
The need for efficient transportation in an industrialized world is a prerequisite for sustainable prosperity. Railway, cars and trucks have for over a century been the solution for the individual, the financier and the politician. The traditional remedies have been so successful that it created congestion in cities and air pollution in all of us, 500,000 deaths per year without us lifting much of an eyebrow. … [Read more...]
Alternative for Nacka Subway
With cars that weigh one-tenth of a subway car and a network that will cost one-fifth to build Swedish Nowaittransit presents an alternative to the Nacka branch of the Stockholm subway. But the first project will be sold to Korea. Read the full article here. (in Swedish) … [Read more...]
Urban Innovation and Life Quality Prize Awarded
The Urban Innovation Challenge on how to make an energy efficient transportation system that contributes to a better quality of life in the city awarded Nowait Transit for their cost effective alternative to the subway. The prize was received by Gert Andersson, Inventor and CEO of Nowait Transport. ``For every subway built 10 more get on the waiting list. It always depends on the financing . Our transport solution is three to five times cheaper than the subway and now we will build our first … [Read more...]