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Thursday, 2 June 2016

India, World Bank sign agreement for efficient bus service

The Union Government and World Bank have signed a US 9.2 million dollar grant agreement for the Efficient and Sustainable City Bus Service Project. The grant agreement was signed under World Bank-Global Environment Facility (GEF) Programme. Key Facts The Efficient and Sustainable City Bus Service Project aims at improving the efficiency and attractiveness of city bus transport and reduce greenhouse gas (GHG) emissions in select Indian cities. These select demonstration cities are Bhopal (Madhya Pradesh), Chandigarh, Jaipur (Rajasthan) and Mira Bhayandar municipality in the Thane district of Maharashtra. The project has been designed to specifically focus on identifying institutional, regulatory and fiscal constraints to operation of sustainable city bus services. The International Bank for Reconstruction and Development (IBRD) will be the implementing agency of the GEF for the project. The project will complement Union Government’s Bus Funding Scheme which was launched to promote public transport in cities by modernizing their bus services. It will introduce modern Management Information Systems and Intelligent Transport Systems for better planning and management of operations. It will also provide technical support to drivers and vehicles for better fuel efficiency, among others.

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