Bike Financing – Cycling Fan http://www.cyclingfan.org/ Fri, 18 Nov 2022 22:29:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://www.cyclingfan.org/wp-content/uploads/2021/04/default1-150x150.png Bike Financing – Cycling Fan http://www.cyclingfan.org/ 32 32 Edinburgh bike hire: Work to bring back bike scheme should be scrapped, council officials recommend http://www.cyclingfan.org/edinburgh-bike-hire-work-to-bring-back-bike-scheme-should-be-scrapped-council-officials-recommend/ Fri, 18 Nov 2022 16:42:29 +0000 http://www.cyclingfan.org/edinburgh-bike-hire-work-to-bring-back-bike-scheme-should-be-scrapped-council-officials-recommend/ The old bike rental system was supposed to be self-financing, but thefts and vandalism brought additional costs. Photo: Scott Louden Hopes of reviving a cycle hire scheme for the capital could be dashed by the huge cuts the council are due to make in next year’s budget. Officials recommended scrapping plans to investigate options to […]]]>
The old bike rental system was supposed to be self-financing, but thefts and vandalism brought additional costs. Photo: Scott Louden

Hopes of reviving a cycle hire scheme for the capital could be dashed by the huge cuts the council are due to make in next year’s budget. Officials recommended scrapping plans to investigate options to bring back a bike program after the previous one collapsed and reallocating money that had been set aside.

However, it will be up to councilors to decide and costed options for the reintroduction of a cycle hire system should be made available to different parties for consideration as part of the budget process. But all political groups are acutely aware that the council will have to save almost £80m from next year’s spending plans.

Edinburgh’s bike hire scheme was launched in 2018. Sponsored by Just Eat and operated by Serco, it was designed to be self-funding and has attracted over 70,000 users. During Covid it became the fastest growing scheme in Britain with a total of 234,500 trips made. But at the end of the contract in 2021, when the possibility of a four-year extension emerged, Serco said it could not continue under existing agreements. Major problems with theft and vandalism had significantly increased the running costs of the system. The board promised to pursue options for a new plan.

Dropping any further investigation into a possible relaunch of the scheme would save £500,000 in 2023/24 and 2024/25 and a further £200,000 in 2025/26.

“Significant private sponsorship will be necessary”

Scott Arthur, Labor Transport Manager, said: “Since becoming Transport and Environment Manager in May, I have spent some time thinking about why the bike rental program of ‘Edinburgh has failed so catastrophically and what makes it such a success elsewhere. I want to reintroduce a program to Edinburgh and that we use it to get residents more active and connect tourists to businesses and attractions. The challenge we face, however, is that each of the options I have considered would require significant levels of public subsidy.

“In the coming weeks I will publish costed proposals and hope to work with all of Edinburgh’s political parties to agree a way forward. Given the cuts imposed by the SNP/Green Government in Edinburgh, it is clear to me that substantial private sponsorship will be necessary to ensure the success of any program.

Green finance spokeswoman Alys Mumford said she was surprised officers were recommending further cuts to work on a bike rental scheme. “It’s something we hear all the time that the people of Edinburgh want. It’s embarrassing that we don’t have a bike rental system, as a big city and a city that says it aspires to be a bike friendly city.

She said when it came to the budget, the Greens would look to invest in active travel. “Investing in cycling is going to be a key part of what we do and we have long been calling for there to be a replacement for the cycle hire system. Last time it was hoped it would be self-funded, but now we are faced with the board having to invest money. I think that’s a very worthwhile thing for the board to do.

“The government is cutting the council’s budget by tens of millions”

SNP leader Adam McVey said his group had not yet taken a position on the budget, but pointed out that the last SNP-led administration had earmarked funds for a new bike hire scheme. “The last program was delivered at virtually no cost and we allocated some money in the hope that we could build an infrastructure of these bikes which could then run on a wash down basis.” He said he hoped a model could be found where rental income would cover routine maintenance.

Lib Dem leader Kevin Lang said his group wants to see the return of a bike rental program as an important part of the city’s decision to encourage active travel. “We were incredibly frustrated when the previous arrangement fell through because we felt it was well used, very popular and growing. But there is still a question mark as to how you deliver a sustainable program and what the cost to the council would be. The advantage of the previous program was that it was delivered without any additional investment by the council. It is quite clear now that we will need additional investment and this challenge arises when the government cut the council’s budget by tens of millions of pounds.

Tory group leader Iain Whyte said most major cities now have a cycle hire scheme but suggested the chances of reviving a scheme in Edinburgh were ‘probably destroyed’ by not finding one money to maintain the original system. “Everyone suggests that it would cost a lot more to start a new program than to maintain one. So even the money that has been set aside is probably not enough. If there is no scheme in sight and there is money that has been set aside I think it will be considered a saving as there is no real prospect of doing anything else thing.

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These factors will affect your bike loan interest rates in 2023! http://www.cyclingfan.org/these-factors-will-affect-your-bike-loan-interest-rates-in-2023/ Wed, 16 Nov 2022 07:09:20 +0000 http://www.cyclingfan.org/these-factors-will-affect-your-bike-loan-interest-rates-in-2023/ While the start of 2022 saw a slump in automobile sales, the two-wheeler segment remained popular among Indian citizens. Two-wheeler sales are on an upward trajectory with popular brands such as Honda and TVS seeing monthly growth. During the holiday season, brands offered numerous offers and deep discounts, which led to retail sales growth of […]]]>

While the start of 2022 saw a slump in automobile sales, the two-wheeler segment remained popular among Indian citizens. Two-wheeler sales are on an upward trajectory with popular brands such as Honda and TVS seeing monthly growth. During the holiday season, brands offered numerous offers and deep discounts, which led to retail sales growth of 9% year-on-year in September.

During this period, future bicycle owners took advantage of nominal interest rates offered by lenders. The two-wheeler loan interest rate dictates the viability – and cost – of a two-wheeler for any buyer. Banks, NBFC and captive finance companies offer interest rates ranging from 6.85% to around 28.3% per annum. If you are planning to buy a two-wheeler in 2023 and want to opt for bike financing through a two-wheeler loan, you should know the various factors that may affect the interest rate of your loan bike.

Types of bike loan interest rates

When applying for a two-wheeler loan, it is important that you know the different types of two-wheeler loan interest rates.

– Fixed interest rate: If you opt for a fixed interest rate, the EMI amount remains the same throughout the repayment period. The interest rate remains unchanged regardless of market movements.

– Variable interest rate: If you choose a variable interest rate, the EMI amount may change depending on market conditions. Thus, the variable interest rate may be lower or higher than the fixed interest rate, which leads to uncertainty.

Factors Influencing Bike Loan Interest Rates

If you opt for bicycle financing through a two-wheeler loan and choose a fixed interest rate, then several factors can influence the interest rate.

One of the main factors that can influence the interest rate of a two-wheeled loan is your credit score. Today, banks are afraid to approve loans if you have a credit score of less than 750. On the other hand, NBFC sanctions loans even if the applicant has a credit score of 600. However, the rate of interest in relation to the loan amount is considerably high. . So, if you can establish a good credit profile and have a credit score of over 750 in 2023, your loan application will be approved fairly quickly and you will enjoy nominal interest rates.

While looking through bike financing options, you should consider making a substantial down payment, covering 30-40% of the vehicle’s on-road price. This, in turn, leads the lender to charge a nominal interest rate.

  • Employment status and income

Your professional situation and your income play an essential role in determining the interest rate of the two-wheeler loan. If you are a salaried employee and earn more than ₹1 Lakh per month, your loan application will be approved faster and you can avail low interest rates.

If you plan to stay or move to a metropolitan city this year or in 2023, you will incur high interest rates. This is due to the debt-to-income ratio (DTI). Since your daily expenses will be higher in metropolitan cities than in Tier 2 cities, your income will need to be significantly higher to repay the loan. Thus, the lenders can charge a higher rate of interest on the loan amount.

Your age will also play an important role in determining the interest rate for the two-wheeler loan. You can easily pay off your debt if you are young – in your 20s or 30s. However, your ability to repay decreases significantly if you are older – in your late 50s. Lenders will consider these factors while expanding bike financing options. So, the older you are, the higher the interest rate will be. If you are about to reach your late 50s in 2023, then you will have to bear high interest rates.

The model of two-wheeler, its type and its brand also influence the interest rate charged by the lender. The more expensive the two-wheeler, the higher the interest rate. Lenders prefer to finance bikes that inherently have a high resale value.

Finally, the term of your loan will also affect the interest rate on the loan amount. The longer the repayment period, the lower the interest rate.

How to lower the interest rate of the two-wheeler loan?

If you still have at least 5-6 months left before opting for bike financing in 2023, there are several steps you can take to improve your credit profile. This, in turn, will allow you to benefit from low interest rates.

Improve your credit score

You can try to improve your credit score, and this can be done by paying off your debts and paying your EMIs on time. Once your CIBIL score reaches 750, you can apply for a bicycle loan and benefit from a lower interest rate for the two-wheeler loan.

Debt to income ratio

You can also improve your debt-to-equity ratio by paying off old loans, reducing miscellaneous expenses, and making credit card payments on time. If you bring your debt ratio below 40%, you’ll have a better chance of getting attractive interest rates on your bike loan.

Improve your relationship with the lender

You can either negotiate with the lender or apply for a two wheeler loan from a lender with whom you have an existing relationship. You can talk to your bank and see if you can get low interest rates on the two wheeler loan.

Conclusion

The aforementioned factors will dictate the interest rate for your two-wheeler loan. Additionally, you can aspire to get low interest rates by improving your credit profile and debt-to-equity ratio in 2023. Some lenders also have no minimum credit score requirements and offer nominal interest rates with flexible repayment terms. For example, Bajaj Markets offers two-wheeled loans at low interest rates and does not require a minimum credit score! You can benefit from attractive interest rates for the loan of two-wheelers by opting for bicycle financing options on the digital platform.

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Statesman PUD nears final approval http://www.cyclingfan.org/statesman-pud-nears-final-approval/ Tue, 08 Nov 2022 06:02:08 +0000 http://www.cyclingfan.org/statesman-pud-nears-final-approval/ Tuesday November 8th, 2022 by Jonathan Lee The project to redevelop the old Austin American Statesman The site is heading for final approval in the coming weeks after City Council approved the planned unit development, or PUD, at second reading on Thursday. If the Council approves the PUD order In third and final reading, developer […]]]>

Tuesday November 8th, 2022 by Jonathan Lee

The project to redevelop the old Austin American Statesman The site is heading for final approval in the coming weeks after City Council approved the planned unit development, or PUD, at second reading on Thursday.

If the Council approves the PUD order In third and final reading, developer Endeavor Real Estate will be able to turn the 19-acre lakefront lot at 305 S. Congress Ave., which currently houses vacant offices and surface parking, into a sprawling development at mixed use.

Plans show 1,378 residential units, 1.5 million square feet of office space, 275 hotel rooms, and 150,000 square feet of retail and restaurant space spread over six towers up to 525 feet tall. More than half of the site will be made up of parks and public spaces, including a reconstructed walking and cycling path and a bat viewing area.

The second reading vote was 7-1-2-1, with Council members Alison Alter against, Mackenzie Kelly and Ann Kitchen abstaining, and Kathie Tovo off the stage.

Since the first reading in April, Endeavor Real Estate, Council members and city employees have continued to negotiate the most contentious elements of the PUD. On Thursday, Council debated several of those items, including affordable housing and whether to allow a hotel on site.

Affordable housing was the most controversial element of the project. Some Council members and community groups, hoping to derive more benefit to the community from the windfall expected from the developer, have asked Endeavor to include more affordable housing on site.

Endeavor offered three affordable housing options: 55 on-site affordable units (4% of the total) priced at 80% of median family income; $23.2 million for the city to spend elsewhere on affordable housing; or affordable off-site units at 422 at the Lake, an existing apartment complex nearby. The latter option would result in either 70 units at 80% MFI or 34 units at 60% MFI, and the units would be available much sooner than the other options.

But another choice could bring even more units. Walter Moreau, executive director of nonprofit developer Foundation Communities, said Thursday that the $23.2 million fee in lieu of on-site affordable housing could help fund an affordable housing project developed in partnership with the Mary Foundation. Lee along South Lamar Boulevard.

This project would have 128 affordable units in its first phase, with affordable units at 60, 50, and 30% MFI for 99 years, as opposed to the 40-year affordability period in the other options. About 600 affordable units are planned in later phases.

Council members seemed more inclined to support off-site affordable housing, with several expressing interest in the Foundation Communities option. “I would just pick as many units as we could get closer to downtown,” Mayor Steve Adler said.

Council member Kathie Tovo, whose district includes the project, pushed for 10% affordable units on site. She was off the stage for part of Thursday’s discussion.

A majority of Council also opposed allowing a hotel on site in hopes of securing more accommodation. Richard Suttle, representing Endeavour, said the requirement could put the project in jeopardy. “No hotel doesn’t necessarily mean more accommodations,” Suttle said. “A hotel is an integral part of financing.”

The Council also supported an amendment by Adler to allow for greater on-site density in exchange for affordable housing to match what the downtown density premium demands.

Negotiations on these elements will continue before the Council’s votes at third reading, probably at the beginning of December.

Courtesy of 305 South Congress PUD via City of Austin.

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In race for Berkeley Rent Board, tenant slate has fundraising edge http://www.cyclingfan.org/in-race-for-berkeley-rent-board-tenant-slate-has-fundraising-edge/ Sat, 05 Nov 2022 00:03:37 +0000 http://www.cyclingfan.org/in-race-for-berkeley-rent-board-tenant-slate-has-fundraising-edge/ In a race for five open seats on the Berkeley Rent Stabilization Board, three independent candidates hope to crack a list of five that was selected by the Berkeley Tenant Convention. The pro-tenant slate is pooling its resources, nearly $50,000 in total, to buy ads on behalf of its five candidates, making it the strongest […]]]>

In a race for five open seats on the Berkeley Rent Stabilization Board, three independent candidates hope to crack a list of five that was selected by the Berkeley Tenant Convention.

The pro-tenant slate is pooling its resources, nearly $50,000 in total, to buy ads on behalf of its five candidates, making it the strongest force in the race. A pro-tenant list swept the 2020 rent race against a landlord list backed by property groups. An owner’s slate is not on the ballot this year.

But Stefan Elgstrand, who is running on an independent platform, raised the most money — $15,057 — from any of the eight contestants in the race. Elgstrand, legislative aide to Mayor Jesse Arreguín, is the only candidate who has pulled out of public funding, believing it would be difficult to raise enough money for a race in general with the $60 donation limit.

The other two candidates running independently from the tenant slate, Wendy Saenz Hood and Carole Marasovic, have both opted for public funding and have each raised more than $2,400 as of Oct. 22. They maxed the city’s matching funds for rent board candidates at $8,000, like all but one of the candidates.

Soli Alpert, the sole race holder, is the only candidate on the tenant list to have raised more than $2,000. The other contestants raised between $1,350 and $1,850, plus matching funds.

Unlike in 2020, when the National Association of Realtors and another group tied to a state association for homeowners spent $150,000 on behalf of candidates on the Homeowners List but failed to win a single seat, no independent expenditure was made in this year’s rent. plank race.

This is the first year that rent board candidates have been eligible for the city’s public funding system, which aims to limit the influence of money in Berkeley politics and give candidates with fewer resources a chance to win. Most of the money for the race comes from Berkeley residents who donated $60 or less.

Wendy Saenz Hood, the only nominee approved by the Berkeley Property Owner’s Association, received donations from nearly the entire board of the organization, in addition to donations from real estate agents and property managers.

Elgstrand is financially supported by local elected officials, including Mayor Arreguín, four city council members and lawyers from organizations such as the East Bay Community Law Center and the Eviction Advocacy Center, while Marasovic benefits from input from Board Member Susan Wengraf, Commissioners of the Homeless Services Panel. and a real estate agent.

Former council member Max Anderson donated to all candidates on the tenant list. Many have also received donations from current pro-tenant rent commission commissioners like John Selawsky, James Chang and Paola Laverde. Council member Rigel Robinson donated to Soli Alpert’s campaign.

Stefan Elgstrand (Independent)

Stefan Elgstrand leads the pack of rent control candidates in terms of funds raised. He has $15,057 to spend so far based on donations from 48 donors giving an average of $145.

Almost all of the funds Elgstrand has raised come from the Bay Area, with 57% from Berkeley residents, many of whom are elected officials, lawyers and retirees. The main ZIP code where its donors come from is West Berkeley.

Its donors include Mayor Jesse Arreguín; board members Sophie Hahn, Rigel Robinson, Terry Taplin and Kate Harrison; Marc Janowitz, tenant rights attorney at East Bay Community Law Center; Anne Omura, attorney at the Eviction Defense Center; and Cherilyn Parsons, executive director of the Bay Area Book Festival.

Soli Alpert (Slate of tenants)

Alpert, the sole incumbent in the race, raised $10,558 to spend on his campaign. He capped city matching funds at $8,000, like most other rent commission nominees. The rest comes from 23 donors who contribute no more than $60 each.

All but two of his donations come from Berkeley residents.

Independent candidate Wendy Saenz Hood donated to her campaign, as did Vanessa Marrero, who is running with Alpert as part of the tenants’ union slate.

Other donors include board member Rigel Robinson; rent board commissioners John Selawsky and James Chang; school board principals Ty Alper and Ana Vasudeo; former board member Max Anderson; Alfred Twu, candidate for a seat on the board of directors of AC Transit; and Mike Chang, school board candidate.

Wendy Saenz Hood (Independent)

Saenz Hood has $10,535 to spend on her campaign, including $2,535 she raised from 39 donors who donated no more than $60.

Although she is now a tenant, she ran on a landlord’s list in 2020 and this year is the only candidate approved by the Berkeley Property Owner’s Association. Almost all of the association’s board of directors donated to his campaign.

More than any other contestant, Saenz Hood received contributions from property managers and real estate agents. Donors include Cliff Orloff, CEO of Orloff Property Management, and his wife; Ann Plant, real estate agent with Red Oak Realty, and her husband; and Jonathan Weldon, realtor at Cedar Properties.

All of his donations come from Berkeley residents.

Carole Marasovic (independent)

Marasovic has $10,535 to spend on her campaign, including $2,436 she raised from 56 donors who donated no more than $60.

All but three of its donors are Berkeley residents.

Its donors include Councilor Susan Wengraf; commissioners from the Homeless Services Panel, including Michael DelaGuardia, Alice Feller, Mary Ann Meany, Cameron Johnson and Paul Kealoha-Blake (who is co-owner of the Bay Area Media Center); District 8 City Council candidate Mark Humbert; Reichi Lee, school board candidate; Ira Serkes, realtor at Berkeley Homes; and Alfred Twu, candidate for AC Transit’s board of directors.

Vanessa Danielle Morrero (Slate of tenants)

Morrero has $9,883 to spend on her campaign, including $1,833 she raised from 20 donors who donated no more than $60.

All but three of the people who have contributed to his campaign are Berkeley residents.

His donors include former board member Max Anderson; rent commission commissioners Paola Laverde, Soli Alpert and James Chang; rent commission candidate Negeene Mosaed; and school board director Ana Vasudeo.

Negeene Mosaed (Slate of Tenants)

Morrero has $9,778 to spend on her campaign, including $1,778 she raised from 22 donors who donated no more than $60.

All of those who have donated to his campaign are Berkeley residents. Its highest donor zip code is in downtown Berkeley.

Its donors include rent commissioners Soli Alpert and James Chang, as well as Elana Auerbach, a politically active Berkeley resident who listed her profession as “priestess.”

Nathan Mizell (List of tenants)

Mizell has $9,369 to spend on his campaign, including $1,369 he raised from 14 donors who donated no more than $60.

All but one of his donations come from Berkeley residents.

Rental board commissioners Soli Alpert, James Chang and John Selawsky donated to his campaign, as did Berkeley school board superintendent Ana Vasudeo, former board member Max Anderson, school board nominee Mike Chang and Barnali Ghosh, an advocate for Walk Bike Berkeley and co-leader of the Radical South Asian History Walking Tour in Berkeley.

Ida Martinac (Slate of tenants)

Martinac has $9,286 to spend on her campaign, including $1,684 she raised from 20 donors who donated no more than $60.

All but two of the people who have contributed to his campaign are Berkeley residents.

Its donors include rent board commissioners Paola Laverde, Soli Alpert and James Chang, and former city council member Max Anderson.

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Press releases | KCMO.gov – City of Kansas City, MO http://www.cyclingfan.org/press-releases-kcmo-gov-city-of-kansas-city-mo/ Mon, 24 Oct 2022 21:37:53 +0000 http://www.cyclingfan.org/press-releases-kcmo-gov-city-of-kansas-city-mo/ PRESS RELEASE A large part of a project originally imagined in the 1990s has been completed. North Brighton was once a two-lane road with no shoulders, sidewalks, streetlights or ADA accessibility. With $13 million in funding from Shoal Creek Tax Increment Financing (TIF) and funds from the District 1 Public Improvement Supervisory Committee (PIAC). $2.4 […]]]>

PRESS RELEASE

A large part of a project originally imagined in the 1990s has been completed. North Brighton was once a two-lane road with no shoulders, sidewalks, streetlights or ADA accessibility. With $13 million in funding from Shoal Creek Tax Increment Financing (TIF) and funds from the District 1 Public Improvement Supervisory Committee (PIAC). $2.4 million of the funding went toward improving sewer lines.

Improvements to N. Brighton Avenue will continue for years to come. This section extends from 58th Street to NE Pleasant Valley Road. In 2019, more than 100 citizens took part in town hall meetings on the improvements they would like to see for this section of road.

N. Brighton Road Improvements.  Cost of $13 million, 47 streetlights, 178 trees planted, 12,500 ft of sidewalks, 433,000 ft2 of roadway, 24,500 ft of curbs

N. Brighton Avenue was widened from two to four lanes with a split median island. Cycle paths have been added and will soon be upgraded to include protective measures. ADA-compliant sidewalks, crosswalks, and built-in ramps will help residents navigate the area more safely. Due to the large gradients along the causeway, crews worked to reduce hills and valleys. In this job, they added new curbs, gutters, and a closed storm sewer system with a water main replacement. New lampposts, landscaping and pedestrian rest areas have been added. Over the next month, 178 trees will be planted in the area to beautify and improve the overall city canopy.

The next phase of work to be completed along N. Brighton runs from NE Pleasant Valley Road to NE 78th Street. This is currently in the design phase and most upgrades along this stretch will be similar. This area has a steep slope and will be difficult but important for the safety of residents.

N. Brighton Ribbon Cutting

“For a generation, people have been looking for a way to do this. Thanks to the investment of our taxpayers and our residents, we are seeing more improvements in all areas of the city. It’s not something that just gets people through a community faster, but it does help them be safer when navigating Kansas City. I love seeing projects like this because it helps us deliver what voters are asking for,” said Mayor Quinton Lucas. “Voters stood up and said, please meet our basic infrastructure needs.”

“It’s a very expensive project. It is a very long stretch of road. There are still many millions of dollars to give to continue this project. You’ll see how much bigger it is and how much safer it is for District 1 and beyond. This area now has ADA accessibility, bike lanes and safety measures that will benefit residents for years to come,” said First District Councilwoman Heather Hall.

“The importance of this street to Northland is vital, but together Councilor Heather Hall and I have made it a priority to connect schools to communities. Thanks to this, we now have the opportunity to walk to many other neighborhoods so that their children can walk to school. That’s been our goal throughout our tenure is to have more roads connected to neighborhoods,” said First District Councilor Kevin O’Neil. “It was a big project, $13 million, but what’s more important about this project is that it did exactly what it was supposed to do: keep travelers safe and connect communities. I appreciate Councilwoman Hall and Councilman O’Neil for their efforts in moving this project forward. The collaboration made this possible,” said Director of Public Works Michael Shaw.

For media inquiries, contact Sherae Honeycutt, Public Information Officer, Department of Public Works at media@kcmo.org, 816-946-3611.

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Delhi Metro Rail Corporation and Sun Mobility announce fleet of electric automobiles in Delhi http://www.cyclingfan.org/delhi-metro-rail-corporation-and-sun-mobility-announce-fleet-of-electric-automobiles-in-delhi/ Wed, 19 Oct 2022 12:18:06 +0000 http://www.cyclingfan.org/delhi-metro-rail-corporation-and-sun-mobility-announce-fleet-of-electric-automobiles-in-delhi/ Delhi Metro Rail Corporation (DMRC) and Sun Mobility have launched a fleet of electric cars with interchangeable batteries in the suburb of Dwarka, Delhi. The electric three-wheelers are equipped with Sun Mobility’s interchangeable battery technology and are manufactured by Piaggio. The fleet is 50 strong and will be operational at eight metro stations across Dwarka. […]]]>

Delhi Metro Rail Corporation (DMRC) and Sun Mobility have launched a fleet of electric cars with interchangeable batteries in the suburb of Dwarka, Delhi. The electric three-wheelers are equipped with Sun Mobility’s interchangeable battery technology and are manufactured by Piaggio. The fleet is 50 strong and will be operational at eight metro stations across Dwarka. The initial fleet of 50 vehicles is part of the Delhi government’s initiative to promote the adoption of 3-wheel electric vehicles in the nation’s capital. DMRC further announced its permission for Sun Mobility to use the grounds of Janakpuri West, Dwarka and Dwarka Sec-21 metro stations to set up parking and battery swapping facilities for its fleet.

Sun Mobility says the swappable battery solution will ensure affordable shared fares for commuters. The fare will be nominal at a base price of Rs. 10 for the first 2 km and Rs. 5 for each subsequent km.

“We are very proud to partner with DMRC to enable affordable and reliable pollution-free last mile connectivity for commuters using its extensive metro network in the NCR. Our comprehensive Mobility-as-a-Service (MaaS) solution alleviates worries about vehicle ownership, financing, battery maintenance and replacement, and charging infrastructure for 3-wheeler owners. This collaboration between rapid transit provider, electrical equipment manufacturer, charging infrastructure operator and fleet operator illustrates how multimodal transport could go green in India through a PPP model. said Anant Badjatya, CEO of SUN Mobility.

This will be the first time that mass adoption of electric three-wheelers will take place in Delhi. This is in addition to the 12 charging stations already present in the premises of DMRC.

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Ampere launches special offers on the entire range of electric scooters for the holiday season http://www.cyclingfan.org/ampere-launches-special-offers-on-the-entire-range-of-electric-scooters-for-the-holiday-season/ Mon, 17 Oct 2022 12:36:06 +0000 http://www.cyclingfan.org/ampere-launches-special-offers-on-the-entire-range-of-electric-scooters-for-the-holiday-season/ Greaves Electric Mobility Private Ltd (GEMPL), has rolled out special offers for the Ampere range of electric scooters for the festive season. The ‘Ampere Go Electric Fest’ offers a number of special benefits including 95% financing on the range of electric scooters, a low interest rate of 8.25% per annum, great offers on trade-in of […]]]>

Greaves Electric Mobility Private Ltd (GEMPL), has rolled out special offers for the Ampere range of electric scooters for the festive season. The ‘Ampere Go Electric Fest’ offers a number of special benefits including 95% financing on the range of electric scooters, a low interest rate of 8.25% per annum, great offers on trade-in of vehicles and additional benefits of up to Rs. 2,500. Customers also have the opportunity to test drive and win the Magnus EX electric scooter as part of the festive offers.

Read also : Ampere electric scooters are now on sale via Flipkart

Speaking of the rollout of new offers for the holiday season, Sanjay Behl, CEO and Executive Director of GEMPL, said, “With Ampere Go Electric Fest, customers can take advantage of all the great offers and finance programs to own a scooter. electric Ampere this festive season and begin their electric journey.At GEMPL, we are committed to driving the adoption of electric vehicles and moving India towards a sustainable and greener future.

The Ampere Magnus EX is the company’s flagship offering and customers have a chance to win the electric scooter in a test drive

Additionally, government and corporate employees are getting special benefits for the holiday season as the company aims to make its line of electric vehicles widely available. The special benefits have been rolled out to all Ampere dealerships nationwide and are valid through October 31, 2022.

Currently, Ampere markets two electric scooters – Magnus EX and Reo Plus. The Ampere Magnus EX gets a 2.1 kW motor with an advanced 60 V, 38.25 Ah lithium battery. The model promises a range of 80 to 100 km on a single charge. The Ampere Reo Plus uses a 250 watt BLDC motor and is a low speed scooter reaching 25 km/h. It promises a range of 58 km on a single charge. The Magnus EX is priced at Rs. 77,249, while the Reo Plus is priced at Rs. 61,999. All prices are ex-showroom Delhi.

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Two City Council incumbents take on three challengers in San Carlos – Palo Alto Daily Post http://www.cyclingfan.org/two-city-council-incumbents-take-on-three-challengers-in-san-carlos-palo-alto-daily-post/ Fri, 14 Oct 2022 21:22:32 +0000 http://www.cyclingfan.org/two-city-council-incumbents-take-on-three-challengers-in-san-carlos-palo-alto-daily-post/ October 10, 2022 BY EMILY MIBACHDaily Post Editor San Carlos residents are voting for three council seats as the city faces unprecedented development on its east side and plans more housing in town. Incumbents Sara McDowell and Adam Rak are seeking re-election while Councilwoman Laura Parmer-Lohan cannot because she is running for San Mateo County […]]]>

October 10, 2022

BY EMILY MIBACH
Daily Post Editor

San Carlos residents are voting for three council seats as the city faces unprecedented development on its east side and plans more housing in town.

Incumbents Sara McDowell and Adam Rak are seeking re-election while Councilwoman Laura Parmer-Lohan cannot because she is running for San Mateo County Supervisor. This opens up at least one council seat. Nursery school owner Pranita Venkatesh, Parks and Recreation Commissioner John Durkin and commercial property consultant Alex Kent are all in the running.

Venkatesh owns Paragon Montessori Preschool and has been teaching on the peninsula for over 20 years. She is part of the city’s economic development commission. It was endorsed by Congresswoman Jackie Speier, Assemblyman Kevin Mullin, State Senator Josh Becker and San Carlos Councilman Ron Collins. She says being a member of the city’s economic development commission makes her ready to get involved with the council from day one. Her top priority, if elected, would be to create more affordable housing and child care. She also wants to work on the city’s economic development and public safety.

Venkatesh commended the city’s current planning efforts, particularly to focus on housing construction and planning along El Camino. She noted that the city must continue to raise awareness and that residents “must understand the need for housing and trust the city and its leaders to make balanced decisions.”
She says the topic she hears the most about during her campaign is the closing of Laurel Street. She said many residents want the closure along parts of the street to continue because of the safety, walking and “celebratory community atmosphere” the closure has created.

Kent is a member of the city’s Community Emergency Response Team, or CERT, and co-administrator of the San Carlos Dog Park, he is politically independent and says he will be able to listen to the entire San Carlos community. He says the board needs an independent “devil’s advocate” to balance “what many San Carlans see as a 100% Democratic endorsement of whatever Sacramento politicians seem to be pushing at us.” Kent is backed by Santa Clara County Republican Leader Shane Patrick Connolly and San Francisco Democratic Leader Alix Rosenthal. His top priority would be “safer streets”, which means less crime and safer routes for pedestrians and cyclists. He suggests the council add more license plate readers to all San Carlos entrances and organize a group purchase of Ring-style doorbell video cameras to help deter and solve crimes.

Regarding development, he says the people of San Carlos should only vote for him to prepare for development on the east side of town, and criticizes the current council for approving several office projects on the east side of the city. the city. Kent says it’s time to “clean up” the Laurel Street closure “legally, for accessibility and aesthetically.”

Durkin is a retail operations specialist and worked at Crate & Barrel at the Stanford Mall. He is a member of the city’s Parks and Recreation Commission, the San Carlos History Museum, and the San Carlos Lions. He also organized the San Carlos Hometown Days Parade. Due to his many hats in the community, he has made many connections and knows how to put them to use doing various things such as organizing food drives. He hasn’t actively sought endorsements and says he plans to spend less than $2,000 on his campaign, saying there’s no need to spend $21,000 on community mail-outs.

Durkin says his top priority would be to make the streets safe by forcing drivers to slow down. This can be done by repainting crosswalks, painting bike lanes green, maintaining roads and adding sidewalks to neighborhoods. He wants to pursue the addition of two deputy sheriffs – one for traffic enforcement and the other for neighborhood patrols.

Durkin notes that growth in San Carlos is inevitable and the city must be prepared. He also said new employees arriving in town should be reminded by email from City Hall not to use neighborhood streets as shortcuts to their offices.

Both Rak and McDowell were elected in 2018.

McDowell is currently the city’s mayor and is endorsed by Representatives Speier, Anna Eshoo, State Senator Josh Becker, Assemblyman Kevin Mullin and Supervisor Don Horsley.

During his first term, McDowell says his city improvements include pushing to lower the speed limit around schools to 15 mph and for the city to pay $252,500 a year to fund crossing guards at 11 intersections near highways. city ​​schools. She also said the council had approved spending $35 million to improve roads around the city over the next five years.

She says her top priorities would be to make sure the city grows responsibly, which means it improves the community. She also plans to negotiate with developers to ensure the city benefits from the new development. She acknowledges that the east end of the city has seen no change from its industrial uses for many decades, incoming developments in the life sciences will cause “massive transformation”.

Rak is the Senior Director of Government Relations for Trustwave Government Solutions and is currently the city’s Vice Mayor. He has the endorsements of Representatives Speier, Eshoo, and Zoe Lofgren, State Senator Becker and Assemblyman Mullin, as well as numerous former mayors and school board members.

Highlights of Rak during his time on council include working quickly to close Laurel Street to support local businesses, partnering with nonprofits to build 23 low-income housing units, and working on the financing of 30 other houses. He also referred to the street and sidewalk improvements mentioned by McDowell.

Rak’s top priorities would include building more affordable housing, expanding access to parks and open spaces, and improving the city’s infrastructure.

Rak says the town is prepared for the development given the time the council has spent “with the community” to better understand concerns about growth on the east side and also to learn the opportunities and benefits of creating a specific plan for the region.

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West Town resident David Herrera joins crowded race to represent ‘Pool Noodle’ 36th Ward: ‘This is my backyard’ http://www.cyclingfan.org/west-town-resident-david-herrera-joins-crowded-race-to-represent-pool-noodle-36th-ward-this-is-my-backyard/ Wed, 12 Oct 2022 12:38:00 +0000 http://www.cyclingfan.org/west-town-resident-david-herrera-joins-crowded-race-to-represent-pool-noodle-36th-ward-this-is-my-backyard/ UKRAINIAN VILLAGE — A longtime West Town resident and former alderman candidate is running to represent what will soon be the 8-mile-long 36th ward on the city council. David Herrera, 39, is the latest candidate to challenge the incumbent Ald. Gilbert Villegas (36th), who is a candidate for re-election. Jacqueline “Jackie” Báez and Lori Torres […]]]>

UKRAINIAN VILLAGE — A longtime West Town resident and former alderman candidate is running to represent what will soon be the 8-mile-long 36th ward on the city council.

David Herrera, 39, is the latest candidate to challenge the incumbent Ald. Gilbert Villegas (36th), who is a candidate for re-election. Jacqueline “Jackie” Báez and Lori Torres also run, which has been endorsed by the Chicago Teachers Union.

Herrera has a background in municipal finance, consulting and real estate. He said his family had lived in the West Town area since the 1950s and he grew up attending local schools, including St. Nicholas Cathedral School in the Ukrainian village.

Herrera has also been involved in several neighborhood developments over the past few years.

In 2017, Herrera remodeled her family’s two apartments on Chicago Avenue into what was for several years a Commons-operated co-housing building. In 2018, he was involved in a proposal to build a Latin dance hall and supper club in Humboldt Park, which has since stalled.

Herrera also ran unsuccessfully against Ald. Roberto Maldonado (26th) in 2019, third behind Maldonado and Theresa Siaw.

Herrera – who lives near Smith Park in the Ukrainian Village – has been remapped into the new 36th Ward, which stretches from Montclare on the northwest side to Grand Avenue to include most of the Ukrainian Village and parts of West Town.

Herrera said her candidacy is inspired by her direct knowledge of the West Town portion of the neighborhood, her upbringing in the neighborhood and her involvement in several community associations.

The old eastern boundary of the neighborhood ended miles away in West Humboldt Park.

“Why run? It’s my community. I know him better than Villegas. Without a doubt, I know better. I know him better than most. … I care about my neighborhood. I care about my community. I care about my city,” Herrera said. “This is my garden.”

Credit: Supplied/2022 Chicago Neighborhood Map Collection
The new 36th Ward will stretch from Montclare on the northwest side up Grand Avenue to Ukrainian Village and West Town

The new 36th Precinct boundary has been widely derided as an example of extreme gerrymandering, with some comparing it to a “pool noodle” or a waterslide along Grand Avenue.

But Herrera said he would make the thoroughfare his “pet project” if elected as an alderman by rezoning sections north of the street to encourage mixed-use development and pedestrian improvements.

“We’ve seen Division Street, Chicago Avenue bloom, both are strong. Restaurants, bars, shops, pedestrians. Grand Avenue doesn’t have that,” Herrera said. “I would relax the zoning code there to suit the character of that community. I would loosen it up to have four stories, mixed use, retail downstairs and three apartments above.

Herrera said he would also like to conduct a study to possibly build a bike path across the neighborhood, closely following Grand and possibly using land along nearby Metra trails.

“Look at Milwaukee Avenue – it was a hipster highway. I would do hipster highway 2.0. From Grand Avenue to the Metra tracks to Hubbard, from Hubbard to Kinzie, you are already in River North. You are in The Loop,” he said.

Credit: Quinn Myers/Block Club Chicago
A P4 Protective Services car in Bucktown, part of a resident-sponsored private security patrol.

Herrera said he would also advocate for the reopening of the 13th Police District, which was closed in 2012 as part of a citywide consolidation of police resources. The district included parts of West Town and Ukrainian Village and was headquartered at 937 N. Wood St.

The idea was floated at community meetings in the greater West Town area over the past few years as carjackings and other thefts spiked in the neighborhood.

Meanwhile, Herrera said he supports the launch of what has become a popular but controversial tactic in some Chicago neighborhoods: private security patrols.

Private security has become popular over the past year in affluent Chicago neighborhoods such as Bucktown and Lincoln Park, though some aldermen and residents have raised surveillance and civil liberty concerns.

Aldus. Walter Burnett (27th) also recently said he was considering the idea in the West Loop after two recent kidnapping attempts.

Herrera said he would support a year-long safety pilot program to assess its effectiveness.

“We need to deter crime. And I think if the word gets out, we patrol the streets, we’ll see the numbers [decline]”Herrera said.

Herrera also wants to reform the city’s tax increment financing, or TIF, system. He said he wanted to redirect TIF dollars to build affordable housing and replace lead water pipes, among other priorities.

Credit: Colin Boyle/Block Club Chicago
Former Ald. Michael Scott Jr. (24th) and Ald. Gilbert Villegas (36th) speaks during a city council on March 23, 2022.

Villegas, who was elected to city council in 2015, did not return a request for comment on Herrera’s candidacy. The Alderman for the North West Side served as Leader of Mayor Lori Lightfoot’s City Council before stepping down from that position in early 2021.

Earlier this year, Villegas ran unsuccessfully for Congress in Illinois’ newly drawn 3rd District.

When the city’s final neighborhood map emerged this spring, Villegas slammed the elongated boundaries of the new 36th Ward, saying it “deprives” neighborhoods on the northwest side and “disrespects” the Latino community. American.

Now, as Villegas is running for re-election, he has begun to present himself to his potential future voters.

In September, Villegas opened what he calls a “satellite neighborhood office” in the Ukrainian village, although he will not represent the area unless re-elected next year.

“The reality is that there are 58,000 voters who live in the neighborhood and whether you live in … Ukrainian Village or Belmont Cragin, we’re going to provide service,” he told Block Club last month. “And that’s what we did where I was a councilor in this current area where I have five different wards, the same thing here.”

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Mayor Garcetti Celebrates the Opening of Metro Line K http://www.cyclingfan.org/mayor-garcetti-celebrates-the-opening-of-metro-line-k/ Fri, 07 Oct 2022 21:24:55 +0000 http://www.cyclingfan.org/mayor-garcetti-celebrates-the-opening-of-metro-line-k/ LOS ANGELES— Mayor Eric Garcetti today celebrated the opening of the K Subway Line – formerly known as the Crenshaw/LAX Project – which brings seven light rail stations south to Los Angeles and will eventually connect to the LAX People Mover and to metro line C (green). “Today we are realizing a dream that began […]]]>

LOS ANGELES— Mayor Eric Garcetti today celebrated the opening of the K Subway Line – formerly known as the Crenshaw/LAX Project – which brings seven light rail stations south to Los Angeles and will eventually connect to the LAX People Mover and to metro line C (green).

“Today we are realizing a dream that began with Mayor Tom Bradley and has been pursued for decades by countless community and elected leaders: world-class public transportation in South Los Angeles,” said the Mayor Eric Garcetti. “Generations of Angelenos from now on will recognize the opening of this line as a new chapter in the history of Los Angeles transportation – as a time when we opened doors of opportunity to communities that had been ignored for far too long. , and put our commitment to making Los Angeles a more inclusive, accessible and sustainable city into the fast lane.

The new line represents Metro’s largest transportation investment in the South Los Angeles area since the Metro’s A (blue) and C (green) lines were built more than 25 years ago. The seven new stations are now open in Crenshaw, Leimert Park, Hyde Park, Fairview Heights, Inglewood and Westchester. An eighth station will open at Aviation and Century in 2023, and a ninth station will open near LAX in 2024, when Metro completes a new station to connect the K line to the Los Angeles Global Airport automated people mover, which will will provide a direct connection. at LAX terminals.

To commemorate the opening of the line, Metro is offering free rides on all Metro systems, including Metro Bike Share, starting today and throughout the weekend.

The $2.1 billion project was largely funded by local taxes, primarily Metro’s Measure R transportation sales tax measure approved by voters in 2008, as well as a key federal funding loan .

The K line was designed and built with the help of the community and local voices. The project used several small business support programs, the Business Solution Center and the Business Interruption Fund, to help offset construction impacts for local small businesses. The project is the first to be delivered under Metro’s Project Labor Agreement and Construction Careers Policy, and exceeded all of its labor targets, including 60% of hours worked by targeted workers from economically disadvantaged areas.

“The K line will bring a new era of fair transportation investment that will connect the Crenshaw Corridor and Inglewood residents with convenient, fast, reliable and inexpensive rail transportation,” said the council’s first vice-chair. administration of the metro, Jacquelyn Dupont-Walker. “Furthermore, it will provide a new gateway to jobs, education and health care for our communities that need it most.”

“After decades without rail transportation, I’m proud to lead Metro as it delivers the K line to Crenshaw, Inglewood and every other South Los Angeles community.” said Metro CEO Stephanie Wiggins. “We are forever grateful to area residents and businesses for welcoming us into the community during a long and technically complex construction period. I know the K Line will be well used and loved by these communities and the rest of Los Angeles County for decades to come.

With Measure M, a voter-approved transit tax championed by Mayor Garcetti in 2016, the agency has the largest rail expansion program in the United States. Metro is currently constructing the Regional Connector Transit Project in Downtown LA and the Line D (Purple) Extension Project in three separate segments between Downtown LA and West Los Angeles . The East San Fernando Valley Light Rail Transit Project, which will connect the heart of the Valley to West Los Angeles by rail, is currently in contracting process. Metro’s building authority partner, the Foothill Gold Line Construction Authority, is also building an L (Gold) Line extension further east in the San Gabriel Valley. Many other metro and bus projects are also in various stages of development.

Mayor Garcetti spent three terms as chair of Metro’s board of directors, where he advocated for investments in transportation infrastructure and free transportation for riders of all ages. Under his leadership, LA has earned more than $10 billion in combined state and federal competitive grants and funding for local transportation projects.

Mayor Garcetti pushed Metro to create and accelerate some of the nation’s most ambitious sustainability goals, including a commitment to fully electrify Metro’s bus fleet by 2030. Last year, Mayor celebrated the full electrification of Metro Line G (Orange), and in 2020, LADOT placed the largest electric bus order in US history with 155 buses in total. Metro has now ordered a total of 145 electric buses, of which 46 have been delivered to date.

For more information on the K line, visit: kline.metro.net.

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