Billionaire Paul Allen, one of the founders of Microsoft, is teaming with the US Department of Transportation to offer a $50 million prize to the winner of a Smart City competition aimed at promoting high-tech solutions to traffic snarls.
“Our national vision for transportation is still very much constrained by 20th-century thinking about technology and the integration of technology,’ Transportation Secretary Anthony Foxx said in a briefing.
“We want to increase our ability to rapidly absorb new technology … so we can do things previous generations only imagined as science fiction.”
Among the options on the table are autonomous vehicles that reduce the number of collisions, cars that communicate with each other and wired infrastructure that can keep traffic flowing.
The prize will go to the city that develops “the most innovative, forward-thinking plan to harness technology and re-imagine how people move.”
Projects that improve urban mass transit could help scale back emissions, while also creating safer, healthier communities.
Residential property sales across tier-I cities rose 9% from a year ago led by affordable housing and performance of southern property markets of Bengaluru and Hyderabad, ET Realty reported. Sales volume in Bengaluru and Hyderabad rose 26% and 24%, respectively,...