The Cabinet Committee on Economic Affairs (CCEA) has approved funding for procurement of ten thousand buses and ancillary infrastructure for urban transport under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) for all cities with special emphasis on hill states.
Decision to this effect was taken at a CCEA meeting chaired by Prime Minister Dr. Manmohan Singh here last evening.
The project will cost around 6,300 crore rupees and the total estimated additional central assistance is about 4,450 crore rupees.
The funding will improve urban services particularly urban transport in cities and towns.