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Active and public transportation infrastructure upgrades underway for communities throughout Alberta

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RED DEER, AB, June 26, 2024 /CNW/ – Local infrastructure upgrades are coming to over 50 communities across Alberta through 48 active and rural public transportation projects after a combined investment of more than $60 million from the federal government and recipients.

This was announced by Minister Randy Boissonnault and the Mayor of Red Deer, Ken Johnston.

The City of Red Deer will rehabilitate the Canadian Pacific Railway Bridge, a significant historical landmark which is used as a main active transportation corridor. It is the only dedicated river crossing near the greater downtown and Riverside Meadows. This crossing also benefits more vulnerable communities by providing direct access to social supports located on either side of the bridge.

The Bow Valley region of Banff, Canmore, and Lake Louise will benefit from three new accessible electric transit buses and a charging station, which will improve traffic flow for commuters and visitors to this busy area in the National park. Similarly, in areas such as Cochrane, Rocky View County, and Medicine Hat, the upgrades or enhancements of transit vehicles will benefit the surrounding communities.

Other rural and Indigenous communities receiving funding will benefit from improvements to existing pathway systems and crosswalk infrastructure. Funding will also support better public transit services with new energy-efficient and accessible vehicles, upgraded equipment and improvements to bus stops, and rural transit planning studies and routes.

The details of each project can be found in the accompanying backgrounder.

Quotes

“As communities in Alberta continue to grow, it is vital to have active and rural public transportation infrastructure that meets their evolving needs. Our government’s investment will encourage Albertans to be active and healthy and contribute to a cleaner environment, creating more resilient and stronger communities for everyone.”

The Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

“This investment from the federal government means more than just upgrading infrastructure; it signifies a commitment to the well-being and safety of our community. Rehabilitating the Canadian Pacific Railway bridge not only preserves a significant historical landmark but also enhances connectivity, revitalizes our downtown, and ensures access to essential services for all residents, including those most vulnerable. Together, we are building a stronger, more inclusive Red Deer.”

His Worship Ken Johnston, Mayor of the City of Red Deer

“Thanks to the support of the Rural Transit Solutions fund, we are thrilled to be able to further expand our zero-emission fleet through the purchase of additional electric buses. Operating Roam Transit services within and around Banff National Park, environmental stewardship is paramount to us and our partner communities. Embracing advanced technologies to reduce emissions underscores our commitment to sustainable transit. Adding additional electric buses marks a pivotal moment in our transition, enhancing our journey to lowering emissions, and moving us towards a greener future”.

Martin Bean, CEO, Bow Valley Regional Transit Services Commission

Quick Facts

The federal government is investing a total of $36,301,698 through the Active Transportation Fund (ATF), the Rural Transit Solutions Fund (RTSF) and the Public Transit Infrastructure Stream (PTIS) of the Investing in Canada Infrastructure Program (ICIP). The ATF is providing $18,438,784 of this investment for 31 projects, $15,193,328 of this investment is through RTSF in support of 15 projects, and $2,669,586 is through PTIS for two projects. Municipalities and associated funding partners are contributing a total of $24,892,275 to their respective projects.Since 2015, the federal government has committed over $30 billion for public transit and active transportation projects. These historic investments have resulted in close to 2000 projects across the country.Federal funding is conditional on fulfilling all requirements related to consultation with Indigenous groups and environmental assessment obligations.

Active Transportation Fund:

Active transportation refers to the movement of people or goods powered by human activity. It includes walking, cycling and the use of human-powered or hybrid mobility aids such as wheelchairs, scooters, e-bikes, rollerblades, snowshoes, cross-country skis, and more.In support of Canada’s National Active Transportation Strategy, the Active Transportation Fund is providing $400 million over five years, starting in 2021, to make travel by active transportation easier, safer, more convenient, and more enjoyable.The National Active Transportation Strategy is the country’s first coast-to-coast-to-coast strategic approach for promoting active transportation and its benefits. The strategy’s aim is to make data-driven and evidence-based investments to build new and expanded active transportation networks, while supporting equitable, healthy, active, and sustainable travel options.

Rural Transit Solutions Fund:

The RTSF helps Canadians living in rural and remote areas get around their communities more easily. It supports the development of rural transit solutions, including new transit service models that could be replicated or scaled up.A minimum of 10% of RTSF’s funding envelope is allocated to projects that benefit Indigenous populations and communities.RTSF’s Planning and Design Projects continuous intake remains open. Through this stream, eligible applicants can receive a grant up to $50,000 in support of a communities’ projects to plan and design a new or expanded transit solution for their communities. Some examples of eligible planning and design projects are assessment of routes and modes of travel, feasibility studies, public and stakeholder engagement and surveys.The RTSF complements Canada’s strengthened climate plan: A Healthy Environment and a Healthy Economy. Through the plan the federal government has committed to providing federal funding for public transit in support of making clean and affordable transportation available in every community.

Public Transit Infrastructure Stream (Investing in Canada Infrastructure Program)

This stream supports the building, expansion, and upgrading of urban and rural transit networks.Including today’s announcement, eighteen infrastructure projects under the Public Transit Infrastructure Stream have been announced in Alberta, with a total federal contribution of more than $1.97 billion and a total provincial contribution of more than $2.03 billion.In 2021, the government announced significant public transit funding that includes billions in support for zero emission buses, rural transit solution, active transportation, and support for major projects to accelerate the expansion of large urban transit systems that many Canadians depend on every day.Averaging $3 billion a year, this predictable and flexible public transit funding will respond to local needs by enhancing integrated planning, improving access to public transit and active transportation, and by supporting the development of more affordable, sustainable, and inclusive communities.On December 18, 2023, the federal government launched the Framework to Build a Green Prairie Economy, which highlights the need for a collaborative, region-specific approach to sustainability, focusing on strengthening the coordination of federal programs, and initiatives with significant investments. This Framework is a first step in a journey that will bring together multiple stakeholders. PrairiesCan, the federal department that diversifies the economy across the Canadian prairies, has dedicated $100 million over three years to support projects aligned with priority areas identified by Prairie stakeholders to build a stronger, more sustainable, and inclusive economy for the Prairie provinces and Canada.Infrastructure Canada is supporting the Framework to Build a Green Prairie Economy to encourage greater collaboration on investment opportunities, leverage additional funding, and attract new investments across the Prairies that better meet their needs. 

Related Products

Backgrounder: Active and public transportation infrastructure upgrades are underway for communities throughout Alberta

Associated Links

Active Transportation Fund
https://www.infrastructure.gc.ca/trans/index-eng.html 

National Active Transportation Strategy
https://www.infrastructure.gc.ca/trans/active-strat-actif-eng.html

Rural Transit Solutions Fund
https://www.infrastructure.gc.ca/rural-trans-rural/index-eng.html 

Investing in Canada: Canada’s Long-Term Infrastructure Plan
https://www.infrastructure.gc.ca/plan/icp-publication-pic-eng.html

Public Transit Infrastructure Stream
https://www.infrastructure.gc.ca/plan/pti-itc-eng.html

Strengthened Climate Plan
https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/climate-plan-overview.html 

Federal infrastructure investments in Alberta
https://www.infrastructure.gc.ca/plan/prog-proj-ab-eng.html

Building a Green Prairie Economy Act
https://laws.justice.gc.ca/eng/acts/B-9.88/page-1.html

Building a Green Prairie Economy
https://www.canada.ca/en/prairies-economic-development/programs/green-prairie-economy.html 

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OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — OceanBase has once again been named as Honorable Mention in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud, Alibaba Cloud and Tencent Cloud. Operating across more than 30 regions in Asia, Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. In December 2024, Starpay, a leading financial technology company in the Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia in June 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner’s latest DBMS market data in the Magic Quadrant, “the overall database management system market grew by 13.4% in 2023, reaching $103.2 billion“, up from $91 billion in 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

In May 2024, OceanBase was also recognized as an Asia/Pacific Customers’ Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems, 24 May 2024

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER, MGAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit: https://www.oceanbase.com/

View original content:https://www.prnewswire.com/apac/news-releases/oceanbase-receives-honorable-mention-for-the-second-consecutive-year-in-the-2024-gartner-magic-quadrant-report-302339146.html

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Matwings Technology Raised Series A Funding of Tens of Millions USD to Redefine Protein Design

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‘Beyond Structure, Predicting Function’

SHANGHAI, Dec. 25, 2024 /PRNewswire/ — Recently, Shanghai Matwings Technology Co., Ltd. (‘Matwings’), a global leader in AI-driven protein design, announced the successful completion of Series A funding rounds, raising tens of millions of USD, led by Qiming Venture Partners.

Matwings is pioneering a new frontier in protein engineering with its proprietary AI-based general protein design platform, AccelProtein™, which directly predicts protein functionality beyond the structural data. By predicting functionality, AccelProtein™ offers a new approach for acquiring high-functioning proteins.

AccelProtein™ is built on the Pro-PRIME model, a breakthrough developed by a collaborative team led by Professor Liang Hong at Shanghai Jiao Tong University. After years of research focused on data collection, curation, and optimization, the team developed the Pro-series – an AI framework for protein design. Their work, titled “A General Temperature-Guided Language Model to Design Proteins of Enhanced Stability and Activity” was recently published in Science Advances.

A featured case of AccelProtein™’s impact is the design of a specialized Glycosyltransferase enzyme, which is used in the production of EPS-G7, a core material for pancreatitis screening. Within just 4 months, Matwings increased the enzyme’s total glycosylation activity by 7 times, enhanced product specificity from 60% to 98%, and reduced hydrolytic activity by 33%. These improvements cut down the cost of EPS-G7 by 90%.

In another application, Matwings successfully engineered a super alkali-resistant affinity ligand (a nanobody) for affinity chromatography, improving alkali resistance by 3 folds, binding capacity over 100%, and heat stability by 8℃. This innovation saved millions of USD in CMC costs for a Matwings client. Additionally, scale-up production to 5000L has been successfully completed. Such advancement enables low-cost affinity chromatography purification a viable option for a wide range of biologics, bringing more cost-effective solutions for drug production.

Since 2021, Matwings has successfully delivered over 30 protein-engineering and enzyme-mining projects either proprietary (e.g., Enterokinase, Carboxypeptidase B, KEX2 Protease, Maltogenic Amylase, Subtilisin, Protein A, PETase, T7 RNA Polymerase, and phi29 DNA Polymerase) and co-developed with our stakeholders. These projects span across various applications, including drug innovation, in vitro diagnostics, nutrition and healthcare, food and beverage, and green energy.

About Matwings

Matwings, founded in 2021 by an elite team from Shanghai Jiao Tong University, is one of the earliest companies to focus on AI protein models.

Matwings is dedicated to moving beyond directed evolution methods to design and engineer functionally optimized proteins by leveraging a proprietary, pre-trained, AI-based general protein design platform with 780 million curated full-length protein sequence data, including nearly 500 million private data.

This cutting-edge technology platform, AccelProtein™, enables us to engineer proteins and uncover or de novo design novel proteins with significantly improved properties, including stability, activity, affinity, yield, etc.

To date, Matwings has successfully engineered more than 30 proteins either proprietary or co-developed with its stakeholders, and more than 40 ongoing projects across various applications in pharmaceutical industries and synthetic biology industries, e.g.  key enzymes and proteins for CMC, innovative Biologics, synthetic biology and more.

Matwings is actively seeking global partnerships to jointly develop and commercialize new products.

Contact Information:
Email: info@matwings.com
Website: https://www.matwings.com/en/ 
Tel: +86 158 2106 5410
Paper Link: https://www.science.org/doi/10.1126/sciadv.adr2641 

View original content:https://www.prnewswire.com/news-releases/matwings-technology-raised-series-a-funding-of-tens-of-millions-usd-to-redefine-protein-design-302339150.html

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Agoda Highlights Tokyo as Top Global New Year’s Eve Destination

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Digital travel platform Agoda has announced Tokyo as the most popular destination for New Year’s Eve, based on accommodation searches. This marks a shift from last year when Taipei held the top spot. Following Tokyo, the list includes Bangkok, Taipei, Pattaya, and Osaka, showcasing a diverse range of preferences among travelers.

The data highlights a perpetual interest in Tokyo, a city known for its unique blend of tradition and modernity. Travelers are drawn to its vibrant celebrations, cultural experiences, and iconic landmarks. Bangkok and Taipei, too, continue to be favored destinations, offering rich cultural festivities and lively atmospheres. Pattaya and Osaka also make the list, appealing to those seeking beachside celebrations and culinary delights, respectively.

Agoda’s data reveals Tokyo’s prominence not only on a worldwide scale but also within Japan. Domestic accommodation searches have increased by 23%, with Tokyo leading as the preferred destination, followed by Osaka, Kyoto, Yokohama, and Okinawa Main Island. For Japanese traveling abroad, the destinations primarily considered are Taipei, Seoul, Bangkok, Pattaya, and Hong Kong.

Hiroto Ooka, Associate Vice President North Asia at Agoda said: “Tokyo’s rise to the top of Agoda’s New Year’s Eve destination list is a testament to the city’s global appeal. Whether you’re celebrating New Year’s Eve in Tokyo, Osaka, or anywhere else in the world, Agoda is ready to help you find the perfect spot to ring in the New Year.”

As travelers prepare for their New Year’s Eve plans, Agoda offers a comprehensive selection of over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all available for seamless booking. Download the Agoda app for the latest deals or visit agoda.com/deals.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/agoda-highlights-tokyo-as-top-global-new-years-eve-destination-302338856.html

SOURCE Agoda

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