Transport in Madeira was a steam-powered cog railway (Monte Railway) from Funchal to Monte, which operated between 1893 and 1943, and went further up to Terreiro da Luta at 867 m above sea level. Bus companies such as Horários do Funchal, Rodoeste and SAM (Sociedade de automóveis da Madeira) have been operating for over one hundred years, and they have regularly scheduled routes to all points of interest on the island. The "Direcção Regional dos Transportes Terrestres" is the department of the regional government responsible for land transportation in the autonomous region. Transport in Madeira The Madeira islands and Funchal have an extensive
Economy of the Cayman Islands Economy of the Cayman Islands The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP). The Cayman Islands Investment Bureau, a government agency, has been established with the mandate of promoting investment and economic development in the territory. The emergence of what are now considered the Cayman Islands' "twin pillars of economic development" (tourism and international finance) started in the 1950s with the introduction of modern transportation and telecommunications. From