Cabinet nod to 10,000 more buses in cities

Image
IANS New Delhi
Last Updated : Aug 13 2013 | 9:24 PM IST

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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Aug 13 2013 | 9:16 PM IST

Next Story