The Cabinet Committee on Economic Affairs Tuesday approved procurement of up to 10,000 buses and ancillary infrastructure for urban transport under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), said an official statement.
The decision, which will cost Rs.6,300 crore, to improve urban services, particularly urban transport which is the engine of growth in cities and towns, it said.
According to the statement, a minimum of 2,000 buses will be earmarked for the hill states including the north eastern states, Jammu and Kashmir, Himachal Pradesh and Uttarakhand.
The financial support for ancillary infrastructure components under the programme would be a maximum Rs.20 crore for cities with million plus population and Rs. 1 crore and above for smaller cities, the statement said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
