Showing posts with label Travel. Show all posts
Showing posts with label Travel. Show all posts

Sunday, January 20, 2013

Gamlebyen Line

Gamlebyen Line

The Gamlebyen Line (Norwegian: Gamlebylinjen) is a section of the Oslo Tramway which runs east from Jernbanetorget along Schweigaards gate (street), past the Oslo Bus Terminal then turns south along Oslo gate, and past Gamlebyen before becoming the Ekeberg Line. The section is served by lines 18 and 19.

History


The line was opened by Kristiania Sporveisselskab in 1875 as a horsecar route between Stortorvet and Gamlebyen. In 1900 the line was electrified, and received branch lines to Kampen and Vålerenga. The Vålerenga Line was extended to Etterstad in 1923, where there was a transfer to the Østensjø Line. Until 1925, the line was named the Oslo Line; with the name change of the city from Kristiania to Oslo, the district known as Oslo was renamed Gamlebyen.

The plans from 1919 called for a common connection from the Østensjø Line and the Ekeberg Line to the city center, along with the proposed Lambertseter Line. The Ekberg Line was to run through a tunnel from Sjømannskolen to Lodalen, from there over a bridge and then connect with the Østensjø Line at Harald Hårdrådes plass. They would then run along an elevated line along Schweigaards gate to Vaterland, and from there in a tunnel to a terminus at Stortorvet.


In 1937, Ekebergbanen proposed a line south of Oslo gate on a bridge over Kongsveien, Oslo gate and the railway tracks, and then along Kanslergata to the proposed elevated line in Hollendergata. A formal concession was sent in 1937, but the plans were stopped by the war. After the war, it was decided that the Lambertseter Line would run from Bryn on the Østensjø Line, which would allow the Lambertseter Line, which had been proposed to connect to the Ekeberg Line, to become part of the metro. This terminated plans for rebuild the downtown section of the Ekeberg Line.


In 1957, a new route from Oslo gate via Schweigaards gate to Jernbanetorget was built to reduce travel time along the new Lambertseter Line. In 1966, the Østensjø and Lambertseter Lines were transferred to the Oslo Metro.

In the 1970s, the traffic from Mosseveien was rerouted over Loenga Bridge into Bispegata. Oslo gate was then closed for through traffic, which improved traffic. The section from Jernbanetorget to Hollendergata was rebuilt between 1988 and 1991, resulting in an all-new light rail section in its own right-of-way. The rest of the line was renovated from 1990 to 1992.


There are plans to move the line from Schewigaards gate and let the line run through Dronning Eufemias gate as part of the development inBjørvika. The move is expected to be done in 2014

Source

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Saturday, September 24, 2011

Currency Crosses

A "currency cross pair", also known as "cross-currency pair" or simply as a "cross", is a pair of currencies that doesn't involve the U.S. dollar.

Back in the ancient days, if someone wanted to change currencies, they would first have to convert their currencies into U.S. dollars, and only then could they convert their dollars into the currency they desired.



For example, if a person wanted to change their U.K. sterling into Japanese yen, they would first have to convert their sterling into U.S. dollars, and then convert these dollars into yen.

With the invention of currency crosses, individuals can now bypass the process of converting their currencies into US dollars and simply convert it directly into their desired currency. Some examples of crosses include: GBP/JPY, EUR/JPY, EUR/CHF, and EUR/GBP.

Calculating Cross Rates



Warning: This part is a little boring...unless you like numbers. It's not difficult but it can be kind of dry. The good news is that this section really isn't necessary anymore since most broker platforms already calculate cross rates for you.

However, if you are the type that likes to know how everything works, then this section is for you! And besides, it's always good to know how things work right? In this section, we will show you how to calculate the bid (buying price) and ask (selling price) of a currency cross.

Let's say we want to find the bid/ask price for GBP/JPY. The first thing we would do is look at the bid/ask price for both GBP/USD and USD/JPY.

Why these 2 pairs?

Because both of them have the U.S. dollar as their common denominator.

These 2 pairs are called the "legs" of GBP/JPY because they are the U.S. dollar pairs associated with it.

Now let's say we find the following bid/ask prices:

GBP/USD: 1.5630 (bid) / 1.5635 (ask)

USD/JPY: 89.38 (bid) / 89.43 (ask)





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